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Strategies & Market Trends : Classic TA Workplace

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To: Galirayo who wrote (127978)	1/11/2006 8:32:16 PM
From: Jack of All Trades	Read Replies (2) of 209892

I am targeting that 161.8% fib at 590. I have 632 as next potential target at the 200% but I can't see it getting there til April/May time frame if at all anytime soon, I have to wait and see how it trades around 590. There will be a bounce to short or a pullback to buy based on how it reacts off that number... My SPX weekly chart is calling for 1350-1355 My NDX weekly needed some work in the light of the SOX, I have that topping at 1840 maybe as high as 1855. Now my VIX/VXN work still needs lower, but watch the VXN climb the next day or so while the VIX should remain flat. As AJ says, all VIX gaps close (atleast I think it was AJ) BWTHDIK? and All IMO

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