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Strategies & Market Trends : Steve's Channelling Thread
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To: Zeev Hed who wrote (17710)6/12/2001 8:47:17 PM
From: ajtj99  Read Replies (1) of 30051
 
Zeev, I believe this "rally" is a 50% re-trace of the drop from 2264 last Thursday to 2105 today. If we get above 2185, we could test 2202. We should fail at that if it happens, and make a bee-line for 2160-2170 for Friday, IMHO.

Is it possible that we may have to throw out that entire move to 2328 also? It appears to have been negated, or am I just off?

I believe the key is the NDX. We can't test 1775 again without going through it, and that would take the COMPX to 2057.
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