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Strategies & Market Trends : MP - Market Pulse
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To: HairBall who wrote (414)7/10/2001 8:30:56 AM
From: ajtj99  Read Replies (1) of 1328
 
LG, with the NDX pretty oversold and temporary floor in place at 2000, it gives us the chance to go higher on an approximate .618 Fib re-trace from 2181 without breaching strong support at 1775 on the NDX.

The fact that we closed above 2020 made me pretty certain we were not going lower for a couple more days.

I see futures up big this morning. With YHOO earnings coming out Wednesday (and Juniper too?) your Thursday turn date could very likely come into play, but who knows if we'll pierce 2000, or possibly 1973.
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