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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: TechTrader42 who wrote (25923)12/12/2001 11:43:47 AM
From: Paul Shread  Read Replies (1) of 52237
 
I mentioned this once before but got no takers: was last week's gap up in the Nasdaq an exhaustion gap? We're consolidating right above that gap and the main uptrend line. It could bounce here, or it could break down, but it's at a critical level, IMHO. It's possible the 200 DMA could become support, but it's also likely that it won't go far without an uptrend.

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