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Strategies & Market Trends : Technical Analysis With Charts

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From: MACD X	11/19/2008 3:59:37 PM
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my thoughts on the nazdaq stockcharts.com My thoughts are on the chart, from what I can tell there may be another congestion center taking place. If so it may take the shape of the circle that is on the chart and then another down turn. From what I can tell on the chart the actual bottom may be around 1100 to 1200 and a retest of the 2002 bottom. From the size pf the congestion center that is taking place the market may trade side way for some time before the down turn The yellow box show what a completed pattern looks like. The one in blue that is forming is a bigger pattern and will be larger. You should be able to tell that by the size of the first congestion center.

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