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Strategies & Market Trends : Stock Attack -- A Complete Analysis
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To: Chris who wrote (32827)10/13/2000 12:48:21 AM
From: bobby beara  Read Replies (3) of 42787
 
Good chart Chris, especially the part "i thought this would hold"

you and everybody else thought this was a basing pattern for the next bull move in nasdaq, a bear market rising wedge off a pole down from the march top.

given that margin debt rose from the march levels at the september top, i would expect to see more forced selling,

Bernie Ebbers of WCOM is supposedly an "insider" and he recently had to sell off his margin, what does that mean for the everyday joe trader on margin.

also notice the nas has closed below the gap off the may lows, for gaps to remain as supports, the gap may be probed but, not closed below, this may be another hint that the rally off the may lows is a countertrend rally.
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