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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Zeev Hed who wrote (15518)12/21/2001 5:41:14 PM
From: ajtj99  Read Replies (1) of 99280
 
Zeev, I think we may know all we need to know by Monday. If we have a small up on the indices, especially if the NDX closes above 1590 or 1600, I'd have to say the low for the month is in, and we are going up from there.

Nasdaq 2250 would be quite a jump, but it is well within the realm of possibility, as the starting off point for the January rally may be nearly 2000 if we don't drop much Monday. 2250 is just a couple of short covering stops from where we are.

We took 1904-2065 in 2-1/2-days, so 2000 to 2250 is not a huge leap by any stretch.

If we did run to 2250, we may pay for it a bit in February and March, with another visit to 1934 a possibility, although 2057-2065 would seem to more likely.
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