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Strategies & Market Trends : Galapagos Islands
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To: Techplayer who wrote (33956)3/23/2003 11:06:46 PM
From: PuddleGlum  Read Replies (1) of 57110
 
I think Friday's gains could go away quite easily. SPX down to 825-850, Naz down to 1325-1350 are both reasonable downside targets, IMO. But those targets don't fit with my pseudo-stoch and Williams%R observations. Those observations point to just a day or three of downside potential (which would still make you happy, I think). I'd love to see 1325-1350 in the Naz so that I could exit my QQQ puts (Woe is me! I didn't aggressively follow my indicator.)
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