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Strategies & Market Trends : Classic TA Workplace

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To: The Freep who wrote (68294)	3/11/2003 9:17:50 AM
From: GrillSgt	of 209892

I have day 9 of the down cycle and with a possible 4 days to go, it appears that 3-4 could be down from here. The es has support near 794 and that could be touched this morning before getting a relief rally. Naz has support at 1261 which also could be touched this morning before bouncing. ES Bulls need to take out 813 to target 817 early. Look for sellers to step in here. A break of 817 and we have something esle going on up to 822. I look for 808 to be violated back down to 804 then 794. We could see a bounce around 799 area (psycho). I dont expect 794 to be violated going down unless volume were to come in on the offer side. NQ Trading below 972 keeps a bidless market here down to 962 and 952. I don't expect a breach here unless the volume picks up. A move back above 972 could target 984 and 997. This would be a squeeze that needs sold into. I am targeting 934 for this cycle low. Dow A move below 7550 and we head for 7500 support. Once again a volume pickup is needed to breach this level. Bids should return here for a bounce.A break of 7600 is needed to get the bulls back in. Trading in between should be very listless.

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