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To: AllansAlias who wrote (51513)12/27/2000 10:43:26 AM
From: pater tenebrarum  Read Replies (3) | Respond to of 436258
 
i'm also getting cautious, as per my post yesterday regarding various sector charts. however, we still have a cycle turn today, and the SnP is in a rising wedge on the 60-min. chart.
anyway, the minimum fibo retracement would catapult the NDX to 2676, quite a distance from here.
ultimately (medium term) i think it will be sold again...but ST i'm going neutral, waiting if the cycle turn produces the expected result.



To: AllansAlias who wrote (51513)12/27/2000 10:47:32 AM
From: pater tenebrarum  Respond to of 436258
 
note also that the period between X-mas and new year has a long standing record of positive seasonality. it's also an extremely low volume affair, meaning they can jerk the market any way they want to with little effort. the real test will arrive in January.


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