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Strategies & Market Trends : Classic TA Workplace
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To: Shack who started this subject1/2/2003 9:02:02 AM
From: skinowski  Read Replies (1) of 209892
 
Any ideas about the opening? I am always suspicious of gaps into (as opposed to beyond) support / resistance levels. NDX will have R in the 992 – 995 area, and than, the usual psychological suspect, 1000. If it drops back below 991 – the top of the putative wave C / 1 up, the rally is probably no good (unless it is a little 2 of C/1).

By the same token, the SPY’s shouldn’t dip back into the congestion around 88 – 88.50.

That’s what I see while sitting on top of MY bag of potatoes…
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