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Strategies & Market Trends : Steve's Channelling Thread

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To: Zeev Hed who wrote (20762)	7/17/2001 5:10:17 PM
From: ajtj99	Read Replies (1) of 30051

They cut through 2057 like butter today. Support and resistance, unless they are extreme Fibs like 2006 COMPX or 1667 NDX. This happened about a day earlier than I expected. It leads me to believe what I'd thought would take place on Thursday may happen tomorrow. IBM's good report may be canceled out by EMC's horrendous report, so it could be possible the good news will all be in tomorrow's market. The question is will it take us to 1800 NDX or a double top at 2105 COMPX. We'll see. I think we're still in a box between 2000 and 2100 this week.

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