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Strategies & Market Trends : Steve's Channelling Thread
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To: Zeev Hed who wrote (19061)6/27/2001 11:31:03 PM
From: Mike M  Read Replies (1) of 30051
 
Probably not a bad idea. Looks like if the NAZ touches below 2020 it would break down below 1900. 1850 seems to be tenuous support which probably would hold the first time probed but not much support below until 1770.

If 1850 does hold, my guess is that the NAZ could run all the way back up towards 2300 quickly. This might be the completion of the fourth wave and set up for a drop to 1500 or so.

Of course, we may also have seen the bottom for the year and the NAZ could be preparing for a powerful third wave up. Damn this technical stuff is hard work. <g>
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