The 56 Point TA; Charts With an Attitude Message Board

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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Magnatizer who wrote (20204)	8/4/1998 5:46:00 PM
From: shasta23	Read Replies (1) of 79230

1475 on the NAZ seems personally a bit low because that would bring the NAZ way down under it's 200DMA. At least the last 7 or so years most serious corrections stops a few %age points under the 200DMA which would be in the area around 1600. It's gonna be interesting to see what will develop. The DOW seems to have good support in the in the 7900-8100 area for me. That seems a possibility for me. The 200DMA argument would also suggest a stop in that area for me but since i don't use magnets and can only guess. We will see where this leads too. Stefan

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