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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: Jack of All Trades who wrote (30146)	4/28/2000 3:41:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 42523

Jeff, if we close strong on the NAZ today, i.e. no doji is made, we will have surmounted the downtrend line on the NDX. i'd say that's short term bullish. Monday may be the day a short term top is made however...it's 38 days from the NDX top, often the stopping point for retracement rallies. if it does make a top on Monday, we may be getting a pretty sharp downdraft off that. anyway, we have broken out to the upside from the symmetrical triangle, we broke through the downtrend line, all good signs normally. there are examples for such breakouts being traps however...note that the shape of the retracement off the 04/14 low is an a-b-c , it could be a fourth wave.