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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Earlie who wrote (81994)3/17/2001 7:25:13 PM
From: Sam Sara  Read Replies (1) of 436258
 
I have been thinking that we will bounce if averages approach these numbers together:

SPY 1110-1130, Dow 9650, and Naz 1750 or so.

That will set the charts up for a bear market rally, all we need is some trigger.

The things that make me reluctant to commit major funds to this scenario 1) tax-related selling. 2) behavior of Naz at previous supports, where bounce was anemic at best.

Risk-reward would be reasonable at those numbers, though, for a long trade.
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