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Strategies & Market Trends : The Thread
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To: bobby is sleepless in seattle who wrote (17320)10/10/2000 12:43:42 PM
From: stan s.  Read Replies (1) of 49816
 
SOX is trading at end of '99, early 2000 levels. An ideal situation for the NASDAQ would be a plummet here on heavy volume to test 3155 and then reverse. In that manner, a tank of 200 points would be likely to result in an intra recovery and probably an end to this current downturn.

Problem is I don't see a likely catalyst for that today, with the SOX already down so far...

But it would be ideal.
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