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Non-Tech : The Critical Investing Workshop

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To: Voltaire who wrote (14962)4/19/2000 1:40:00 AM
From: Jim Willie CB  Read Replies (1) of 35685
 
my guess is NAZ comes back between 3/8 and 5/8 of its loss from old March high to recent Friday low, then consolidates

that would be NAZ 4000-4450
curiously, I see hitches in NAZ chart just about at these levels
NAZ today closed at 3800, on the high

after inside this range, we battle with Fed hike in May
I keep thinking we should digest some gains as we head north
but the psychological relief might add to enthusiasm on way up
emotions have ruled this market for the last 4-5 months
no reason why emotions wont continue to dictate

reversed emotions (from fear to enthusiasm) would indicate a V-shaped reversal pattern for a little while
I gotta think NAZ will bounce around some around 3900-4100

just an offhand view from a humbled jackass
/ Jim
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