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Strategies & Market Trends : NetCurrents NTCS

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To: Teresa Lo who wrote (2401)	10/28/2000 2:10:52 AM
From: shasta23	Read Replies (1) of 8925

>>"...if this was a successful bottom the next target would be the 20EMA overhead. Right now that target was reached and the NAZ pulls back from there. If the uptrend is intact where should it pull back too? The 20EMA60 underneath?" Are we talking about the 20EMA65 as the target...can you expand on the question a little if you have time, and I'll come back with a chart and an explanation?<< You were referring to the test of bottom on the NAZ on the daily chart in an earlier post and that the target of the bounce would be the 20EMA(daily chart) overhead. My question was that in case the bounce up fails at the 20EMA(daily) and pulls back where would you see the next support. Would it be typical that after a failure on the 20EMAdaily overhead the Index pulls back to the 21EMA on the 65min chart which is now underneath? siliconinvestor.com Thanks for the great posts e.g. about NTAP! Stefan

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