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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Susan Saline who wrote (33204)	9/18/2000 12:38:04 PM
From: James Strauss	Read Replies (2) \| Respond to of 50167

u and jeff are pretty much in alignment with naz and s&p reads if not there yet ... we're awful darn close Sue: You can begin to cut the feelings of pessimism with a knife... That's usually when we have bottoms... A look at the 1 year chart shows the first major move in the NDX from the 2400 area to the 4800 area... A 50% retracement of the move puts us at 3600... A 62.5% retracement of the move puts us at 3300... bigcharts.com A move to the previously tested 3000 area retraces 75% of the move... So, we have 3600, 3300, and 3000 NDX bottom targets... There is a very good probability that one of these areas will put on the brakes and ready the market for another move upward... Jim