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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: ajtj99 who wrote (44315)3/27/2002 3:19:53 AM
From: sean sanders  Read Replies (1) of 99280
 
shooting star ... wouldnt you classify that if we had a recent up trend ... ie we have been treading down for the past 10 days~

I do like the possiable dbl bottom on the 15 min thou. I also think we have a decent chance of bouncing here and going up and I mean staying up. Technically that is. We are hitting 2 trendlines here
1. from that dbl bottom at the end of feb on the 60 min chart ie the neckline
2. also the lows of that dbl bottom extended up is at the bottom of the price action we had today.

We have a little more room if we wanted to bounce off the lows of sep and of feb.

I honestly dont think the NDX chart looks that bad for a run up here or in the near future. I wouldnt know what to say about the long term; I mean we could go up or down. Ie possiable h&s on the weekly or who knows we could even do a dbl bottom on the weekly.

Sean
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