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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: TREND1 who wrote (17133)6/5/2001 6:44:16 PM
From: ajtj99  Read Replies (2) | Respond to of 30051
 
Larry, we are so close to so many Fib retrace levels on so many indexes that you can't make a strong case right now for the Bull, IMO.

If we go down tomorrow, the Bull is BS, and the Bear is back in play.

The MM's have shaken things up enough to make options expiration a benign event for themselves. If we drop like a lead brick into the middle of next week, they'll still come out OK now.



To: TREND1 who wrote (17133)6/5/2001 7:13:18 PM
From: Richard Wang  Respond to of 30051
 
Larry, Re: New Nasdaq Bull Market still looking good

Looks like the Nasdaq bounced off the lower trendline, and still has higher highs and higher lows. It should head for the upper trendline (upper 2300's??), and hopefully going over and head for 2500 on the way to 2900.

Richard


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