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Strategies & Market Trends : Rande Is . . . HOME
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To: nikko who wrote (30789)7/28/2000 4:10:57 PM
From: JLS  Read Replies (1) of 57584
 
Nikko, I think most of the members of this thread are expecting things to get a little worse. Remember August is traditionally a lousy month due to low volume. The next stop for the Nasdaq is the test of the gap support at 3582. After that, I'm not seeing any strong support levels until we get to the May low, around 3000, right where Rande called it.
Yes, there may be a few individual stocks that buck the trend but I wouldn't hold them very tightly. August may be a very long month.
Julie
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