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

To: JRI who wrote (1211)	2/27/2001 12:25:53 AM
From: Chris	Respond to of 52237

Message 15415390

To: JRI who wrote (1211)	2/27/2001 6:47:31 AM
From: donald sew	Read Replies (1) \| Respond to of 52237

JRI, >>>> : Can there really be an extended rally on rate-cut speculation alone? <<<< I think there are quite a few that would agree. As mentioned previously, the probability of a retest is high for declines of 7%+, and if GREENSPAN doesnt cut rates this week, then that could be the stimilus for that retest. I think the more important question is whether the retest significantly fails or not - significant failure in terms of more than a hundred points on the NDX. I mention it since it is not uncommon for the retest to be a lower low prior to a more significant rally. For now, if there is a retest, I feel that the downside limit of that specific downleg should be around 1850 on the NDX, if it gets that low.