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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (23483)2/14/1999 9:36:00 PM
From: HoodBuilder  Read Replies (1) of 50167
 
In O.j.'s absence A quick P&F update based on you revised NDX target

1990 reverses the down trend with a 3 box reversal to the upside
1950 if it holds represents a higher low on this down leg of "o's"
1930 is key near term support and represents a double bottom
1920 represents a double bottom break in this down leg (RUN)

I agree with your comment about being at a cross roads as the Bulls & Bears slug it out. Please note that the KEY P&F indicator the NYSEBP(Bullish Percent) is not in great shape and until it reverses I will be on the sidelines with cash and selectively playing the OEX for hit and run trades.

Good luck in these crazy times!
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