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Strategies & Market Trends : Rande Is . . . HOME

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To: moufassa7 who wrote (50124)	4/5/2001 8:18:07 AM
From: moufassa7	Read Replies (3) of 57584

Seriously now, I use mathematical probabilities based on past market action. The range on the head & shoulders that occurred from 3/22-3/30 was 185 points. 1794-185 = 1609. I'm basing my potential 2280 target on the May-July 2000 rally {last time NAZ was this oversold was 5/24/00]. The NAZ then had a 7 week rally [Memorial Day?] of 40.9%. 1619 + 40.9%=2281. These are just potential targets for a sustained rally. Anything can happen to change things, so take it FWIW.

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