Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who started this subject	2/4/2004 9:41:39 AM
From: Real Man	Read Replies (1) of 94695

Well, nasdaq and NDX broke 200 DMA on 60-min chart with a gap down today. We are headed for 50 DMA on the dailies now, I think. This should provide ST support. We should have a bounce from around 2000 on nasdaq. If we break these levels, we'll have a big correction to 200 DMA on the dailies. The EW pattern will play out then, so the bounce from 200 DMA could be shortable. BWDIK? Some weakness, Eh? First time in 10 months.

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