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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: Nancy who wrote (1065)2/24/2001 6:09:20 PM
From: donald sew  Read Replies (2) of 52237
 
Nancy,

>>> I dont see how it can rally back to 2800 with such lousy visibility in earning front - we are about to enter into preannouncement full swing come late March for Q1 - and it would be 3 months after the 01/03 big cut <<<

You could be right. Just commenting on statistical issues.

I just wont ignore the possibility. There is another possiblity that would support your position that 2800 is unachievable by normal FIB 38% rebounds, and that is that yesterday was not the bottom and the NDX continues down alot further right now, say to the 1400-1500 region or even the 1000-1100 region.

As much as I wont ignore the possibiity of a rebound back to 2800, I would ignore not the possibility that yesterday was not the bottom either
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