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Strategies & Market Trends : Rande Is . . . HOME

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To: Rande Is who wrote (34278)	9/9/2000 2:25:26 PM
From: moufassa7	Read Replies (1) of 57584

Rande Is, I've enjoyed reading your previous posts, they are thought out and well written. You must have been an english major LOL. FWIW, here are my thoughts on the NAZ outlook; I think the NAZ will bottom between 3700-3800. 1) this would be a 68% retracement of the move from 3520 low on 8/3 to 4260 high on 9/1. 2) thursday's head fake rally sucked in money that will have to be liquidated, perhaps extending your 4DML a few days. 3) I think lower prices are needed to induce the vacationing fat cats to buy, they clearly were not interested in paying full retail last week. Well thats my take, I think short is the way to be the next few days, setting up a good trading rally to follow. Your thoughts are appreciated.

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