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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: shasta23 who wrote (23823)	9/29/1999 10:30:00 AM
From: d. alexander	Respond to of 71156

hello Stefan; on the Naz: JMO, right now it's coming up under the downtrend from highs of 7/19 & 8/25 (& retreating). As it did make a higher low yesterday, next goal would be a higher high, above 2794.16. It's already above yesterday's high. On the downside, it did (so far) successfully test the 40 dma (I use the 40 simple, probably a Worden habit), then there's an uptrend about 2700, another downtrend about 2580 (all as of today), & the 200dma below that. So there's quite a lot of support before 2500 - which is, however, where I believe dppl suggested it was going. Dorothy ps it's good you asked because that made me stop & really look hard.