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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Paul Shread who wrote (24980)7/7/2000 10:47:04 AM
From: John T.  Respond to of 42787
 
Paul, I really don't know what to think of the Nasdaq Composite. On a very short term basis it could be forming a broadening pattern. Since the break out from the bottom in May, the NAZ has just been wedging up.

On my daily charts, there is strong gap resistance at 4094 to 4188. This is the area of a gap down between the close on 4/10 and the open on 4/11. If the NAZ can clear this area, it could go to the next resistance level which is around 4475.


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