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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: ajtj99 who wrote (32583)2/22/2002 10:34:11 PM
From: exp  Read Replies (2) of 99280
 
AJTJ: NAZ fell 335 pts in exactly 7 weeks from 2059 to 1724 (closing values), i.e. 48 pts per week. At this rate, 1659, which is the 61.8% Fibo retrace of the entire rally, will be reached after another 65 pt drop in a little more than 1 week. At that time, we EITHER have an options-expiry rally to extinguish put holders' gains OR we go below that level and likely retest Sept lows. What is the likelihood of each scenario in YOUR opinion or are there other possibilities?
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