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

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To: adcpres who wrote (40488)1/10/2001 9:47:11 AM
From: Paul Shread  Read Replies (1) of 42787
 
GH, the best I've been able to come up with is an inverse H&S on the NDX. Either way, we had a very weak retest of the bottom at 2300; a higher low on a very weak retest with good internals is a good sign to me. This doesn't feel like we're heading lower here to me. The market's very punch-drunk, and it's taking it a while to get back up on its feet. I think 2300 will hold, if we get that low again. The Fed has put the bears on notice that they will defend that level.
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