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Strategies & Market Trends : Steve's Channelling Thread
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To: TREND1 who wrote (20027)7/8/2001 8:21:56 PM
From: ajtj99  Read Replies (1) of 30051
 
By the way, I don't know what limit down on the NDX is (I think it's 80 or so), but I can't remember the last time pre-market was more than say -42 or +42.

Is there a limit on pre-market that is different than other times?

Anyway, I'd say a pre-market -42 is quite likely tomorrow.
That equates to roughly -50 on the COMPX, which means we may hit the support at around 1945 towards the lower unfilled gap up from April 18 (1923-2005) shortly after open tomorrow (sorry for all the prepositional phrases).

After 1940, there is not substantial support until 1850-1870, and most of that is at 1850, IMO.
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