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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: moufassa7 who wrote (52760)	6/27/2001 5:46:15 PM
From: DlphcOracl	Read Replies (1) \| Respond to of 57584

moufassa7: Just a hunch, but I think the 50% Fibonacci retracement to 1980 (or so) was the lowest the NASDAQ will get between now and end of July. We may bounce around for another week or so, but I see a pattern of higher lows and higher highs for the next 4-6 weeks. I would not be surprised to see NASDAQ get to 2500 by August 1. My reasoning? Despite the horrendous earning warnings and guidance, the NASDAQ showed remarkable strength and resiliency. I'm betting it lasts long enough for one more decent rally.