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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 671.910.0%Nov 14 4:00 PM EST
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To: NucTrader who wrote (57776)8/4/2000 9:39:37 AM
From: el paradisio  Read Replies (1) of 99985
 
Nuc,I don't...but the most important for NAZ is to hold 3600 area...
if you go from Mar high of 5048 (for me this number is more relevant that a real high of 5132) and low from Oct 99 at 2688......this gives you the move of 2360 points.
From 2360, a Fib 62% is 1460 points.
5048 minus 1460 equals 3590...this is our strong support on NAZ.
From this point....everything can happen...we can go up to 4350 or 4500....or go down.
el
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