Market Trend Analysis from MomentuMonkey Message Board

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Strategies & Market Trends : Market Trend Analysis from MomentuMonkey

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To: David Lee Smith who wrote (74)	7/27/2000 3:32:32 PM
From: Stcgg	Read Replies (1) of 281

BEAR MARKET UPDATE - Watch Dow 10336, once below this level, the index should break below it's Spring low of 9732.. If Dow breaks up through 11000 resistance, the index should visit higher resistance at 11425.. Naz and S&P appear to have begun a 5-wave decline and are currently in wave 1 of 5 to exceed their Spring lows of Naz 3043 and S&P 1361, expect a wave 2 bounce soon.. Naz resistance is ~4200 and S&P resistance is ~1486.. >><<

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