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Strategies & Market Trends : The Thread
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To: Bryan who wrote (30851)1/30/2001 7:02:51 PM
From: SirRealist  Read Replies (2) of 49816
 
I don't see a selloff of that proportion, Bryan. If we assume a .5% cut and that drives us from 2250 to 2900, then 1/4 pt oughta be in the middle, or 2575.

My charting suggests a bottom of 2550 is where support is strongest. The 50 day average, around 2700, should provide some resistance on the rebound, so that means we're likely to end the week mebbe 138 points lower than we're at right now.

And if we get lucky, 2660 will hold, we'll rally back past 2700 and end the week at 2750 or better.
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