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Strategies & Market Trends : Stock Attack -- A Complete Analysis
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To: Paul Shread who wrote (39355)12/27/2000 10:43:41 AM
From: donald sew  Read Replies (1) of 42787
 
Paul,

>>>>> Not so sure that NDX/COMPX/OEX/SPX aren't forming bearish flags of some sort; a quick peak tells me that 2450-2460 is support on the COMPX <<<<<

Took a look at it on the 60-MIN charts and sure does look like BEARISH WEDGEs. On the NDX I got the UPPER-TRENDLINE of that wedge targeting the 2600-2650 region in a few days. 2600 is also right around the 50% FIB level of the recent decline from 2990-2199.
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