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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: Killswitch who wrote (5310)11/25/2000 2:25:06 AM
From: J.T.  Read Replies (1) of 19219
 
Brian, it certainly could go higher than this NDX 3,200 area if rydex numbers confirm they are fighting it on this counter-trend bounce higher. But I don't anticipate this happening.

If it does, I will certainly raise the targets. My maximum upside target is NDX 3,580 intraday high or close. I would sell into this level best case scenario over the near term -by the end of the first week of December. In the meantime, enjoy the early santa clause rally.

Best Regards, J.T.
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