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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (78297)	8/4/2003 10:33:56 AM
From: JRI	Read Replies (2) of 209892

Shack, you stated over weekend that you thought shorting was high-risk here. With this morning's activity, we have broken under Onishcka's 1250 NDX line, and if it holds (and his long-term argument stands), then NDX is doomed for much bigger down from here (2nd half), and I believe he inferred that a 'more up' scenario to 1325-135 would also die. Essentially, he then believes we have peaked for year. Today's action change your mind at all? Whatz your key level(s) on way down? tia

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