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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: whydididothat who wrote (28716)1/29/2002 4:41:34 PM
From: ajtj99  Read Replies (1) of 52237
 
I would be buying only for a 50% re-trace of the move down from COMP 1960. We don't go down in a straight line. Even when things are weak, we would normally re-trace .382 of a move. With the Fed and Bush, I would anticipate a 50% re-trace. The A/D numbers also point to a near term bottom, at least for a couple of days. I would not expect much beyond COMP 1920 or 1930 at the most.
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