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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Vendit™ who wrote (6071)	3/6/2005 7:55:26 PM
From: Gersh Avery	Read Replies (1) of 8752

The lower tine in your chart here: themarketwind.com should provide very good support, in the event the NDX gets that low. The average could hit there and still be within a well defined up trending fork. A little lower than that would be the center tine of the down trending fork. IF the market falls through and tests this center tine, then the market has fallen into the control of this fork. In addition, the up trending fork will be dead.

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