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Non-Tech : Raptor's Den

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To: velociraptor_ who started this subject	2/7/2003 9:24:19 AM
From: GrillSgt	Read Replies (2) of 10157

Today is day 12 of the current down cycle and with a probably 1-3 days left in the cycle I would say odds say a lower close today. We are getting a nice gap up this morning with the gap rule telling us to fill the gap if we gap less than 6.25 pts and to buy if greater. Nq numbers are 9.5 pts. I faor the scenario of a gap fill and new lows coming today, but as always will go either way. ES Trading above 846 is bullish and could spark a rally to 850 and 859. Any spike above I still look to sell as 850 needs to confirm the spike. Right now they are fading it as I suspected. Trading back below 838 should get the retest of yesterday's lows in gear. A break of 832 should usher in 826 area which should be low area for day. Expect a bounce here. NQ 980 is the spot. A break of 987 will confirm a retest of the 1000 recent highs. A fade of this area takes us back down to 972 (pivot) and 958. Below 958 and its bye bye down to 942. Choppy area is 970-985. Dow 7870 lows are the key. Bulls need to defend this area or we wil see a landslide down to 7800. Trading back above 7980 is needed for the bulls to run for 8050 and 8100. Choppy trading is expected between 7915 and 7980. Lets see if we can get the gap fill and crap.

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