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Strategies & Market Trends : Mu Gamma Lambda

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To: Augustus Gloop who wrote (5)	6/7/2001 2:01:57 PM
From: Jorj X Mckie	Read Replies (1) of 10077

Just wanted to bring some of my thoughts over on the compx. I am still looking for the naz to top at 2275 as indicated below. Message 15897651 IMO, this rally needs keep running up to 2350 on the naz before backing off, at least if this is a real change in direction. I am thinking that 2275 is probably going to be tough to get through and that we might pull back to 2150 once we touch that level. If we reverse to 2150 before hitting 2275, I am ditching my long positions. I am thinking that we are going to consolidate on the naz into a triangle with 2200 being the center line leading into the next fed meeting. stockcharts.com Message 15899838 seems like too many things are converging right here. I think what jcky was saying about the market selling the fed news since we will be at the end of the easing cycle is right on. I don't think that we can rally all the way into the fed, so that is why I think that we are going to form a triangle into it.

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