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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 662.72

+0.4%

Nov 19 4:00 PM EST

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To: donald sew who wrote (1307)	12/11/1998 8:54:00 AM
From: Daflye	Read Replies (2) of 99985

Donald, if a Fibinocchi retracement is applicable to the NDX100, then wouldn't a pullback below 1500 be doable? Roughly 600 points up from its OCT 8th lows, leaves room for a 228 pt drop. That could take it as low as 1470ish. This area would roughly coincide with the July highs and the next real support line, or what looks like one on a chart, around mid Nov at 1470, again. Just a thought. Darin

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