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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: bobby beara who wrote (33327)10/17/2000 10:12:22 PM
From: Galirayo  Read Replies (1) of 42787
 
Thanks BB ... That is a nice Chart.

I looked at the Naz ALL DATA with a LRC on. And Yes I see it. It supports your Trendline. And Yes that is a Spooky Chart!

I also looked at the 5 year Chart. And it shows a totally different aspect. Today the NAZ has not yet encountered the bottom line of the LRC. It sits at 3019 and is UpWard Moving so it will be higher tomorrow.

The NAZ Strayed too High .. outside of it's LRC in DEC 99. Followed thru till it came back in line in April. Momentum carried it farther than it needed to go as is sliced thu the middle line and to the Bottom line. It found Support there last Friday. It could go lower to 3019 or lower with momentum.

The 4 year chart says close to the same story. Except it's ON it's Bottom LRC.

3 Year shows it's outside the Bottom line and should Bounce Back UP.

2 Year the same. Bounce Up.

1 year shows a Bounce in Progress. It may Fail or it may Bounce. We'll see.

I'm not going to get concerned until the NAZ breaks 3155 on a close. Then it has 1 or 2 days to bounce. Or you can call me Boo Boo. Cuz I'll be bearish too.

G'Luck!

Ray
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