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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: StockOperator who wrote (37740)7/9/2002 8:41:59 AM
From: Terry Whitman  Read Replies (1) of 52237
 
Well, you've been right on target for the last 3 months. Things have been just as bad as you expected- and worse than I did.

And you are right in that there has been little talk about the NDX being below support. That does concern me. On the bright side- none of the other major indices have followed so far.

I did read one technician who said that you should give a little leeway on a breakdown. 4 or 5% on the four letter index, and 2-3% on the others. So maybe it's just a slightly lower re-test.

Or maybe not. The lack of concern is somewhat 'disconcerting' however..
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