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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: orkrious who wrote (3584)11/6/2001 10:25:50 PM
From: Zeev Hed  Read Replies (2) of 99280
 
If 1754 holds on a short term retracement, and we get both volume expansion (above 2 B on the Naz) and new high expansion (above about 90 on the naz), then we "may" put another leg up to the major overhead resistance at 1920/40, before we retrench sharply (and if we get above 1900, the sharp decline into December, which is still in the card, together with a peak on Nov 7 plus minus two days) should stop at no worse that 1580 or so, but probably at the 1625/28 area). Right now, I don't have that happening. If we breach the 1754, or new highs and volume do not expand, the original target of 1425 (worst case, but 1458 target) still stands for the Dec 14/21 time frame.

Zeev
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