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To: Softechie who wrote (44866)1/8/2001 12:17:35 AM
From: Qone0  Read Replies (2) | Respond to of 57584
 
I can count on Nasdaq to go sideways before it spikes up. I'll sell hard everytime it spikes up. Count on it.

finance.yahoo.com^IXIC&d=5y

Please explain the basis for this sideways move? Every hard correction on the chart I see is followed by a spike back up.

If we have just 15 more down days like friday without a rally NASDAQ will be at zero.

If you draw a line at the bottom of every low point on the chart. We are on the bottom of the low channel.

The Fed just lowered interest rates.

And your going to short sell it everytime it spikes up from these levels?