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Strategies & Market Trends : Sharck Soup
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To: Sharck who started this subject4/3/2001 4:13:29 PM
From: Mickey Mouse Operation   of 37746
 
We are apporaching a seasonal low in the NASDAQ in mid-April (about the 15th). I am looking for a bounce after that. I think a temporary bottom within a couple weeks around 1500 will set up a 50-60% retracement of the January 31st high of 2872. It should work out perfectly that the retracement ends by running into heavy overhead resistance established @ 2251 at the 1st of January low. There is a seasonal high point in the Nasdaq in June so I am guessing that the retracement might peak in mid-June. Sound reasonable?
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