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

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To: Paul Shread who wrote (34672)	11/2/2000 7:48:46 PM
From: adcpres	Read Replies (1) of 42787

Paul, seems like the NDX apex is very close to the close tomorrow at about 3350 with a range at the open of about 3280-3340. Seeing that we closed at 3308, the trading range for tomorrow is squeezed tightly and tightens as the day progresses. The market is unlikely to follow this behavior which means there will probably be a break. Have you any recollection of a similar day when there was such a well defined rising wedge with its apex falling within the following day of trading and how it played out? Also tomorrow being Friday might mean some profit taking going into the weekend. Possibly we may have a slight gap up on the open followed by selling? WHAT DO YOU THINK? GH

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