P&S and STO Death Blow's Message Board

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Strategies & Market Trends : P&S and STO Death Blow's

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To: ajtj99 who wrote (5278)	8/16/2002 11:58:25 PM
From: exp	Read Replies (1) of 30712

Paul, when VXN hit 50 in Nov 01, NDX hit 1600. However, that was after 1600-1089=511 pts out of the total 1735-1089=646 pt rise or 79% of 646 pts. Now we went up 996-856=140 pts. If this 140 pts corresponds to 79% of total rise like in 01, then all we have left is (140/79%)x21%=37 pts or the maximum NDX high of 996+37=1033 after a (37/996)x100%=3.7% additional move up. I can live with 3.7% or 37 pt extra rise in NDX, can't you? lol Anyhow, these are just very crude calculations designed to make one obvious point: VXN rocket fuel for this NDX rally is largely spent. GOT SHORTS?

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