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Strategies & Market Trends : Stock Attack -- A Complete Analysis
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To: Chris who wrote (26790)8/4/2000 11:36:42 AM
From: AllansAlias  Read Replies (1) of 42787
 
Chris,

re: NDX

I see. The line you drew from the recent highs of last summer is around 3010 and rising. This is not my point though.

I think there is strong support long before this area. I think the trendline channel from the 1998 lows is more important. I'll call it a channel because I use two lines: one that connects the lowest closes and another that connect the lows intraday.

On the daily, as of this morning, these are rising from 3420 and 3280.

I think there is other support before the 3010 area I have mentioned as well.

Anyway, not trying to split hairs. We are all students.

Cheers --Allan
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