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Strategies & Market Trends : MP - Market Pulse -- Ignore unavailable to you. Want to Upgrade?

To: Zardoz who wrote (296)	7/3/2001 11:58:40 AM
From: HairBall	Read Replies (1) \| Respond to of 1328

Hutch: Yes long time no talk...<g> Do you think the nas might hit 1850 area again this year? 1850 is not a target number for me so it is of no significance per my work. I have been expecting more retrace of the 4/4 move up. However, I am trading the retrace on a short-term basis. Taking advantage of the short-term oscillations and thus trusting my reads on those to have me on the right side of the larger moves. In order for 1850 to be seen again the price action must be drawn down to that level on its way to test the 4/9-10 gap-up which will also facilitate a test of the 78.6% retrace level (1771.19) as well. However, first the 4/17-18 gap-up must be filled followed by a breach of the 61.8% retrace level (1890.22)and the 4/17 pivot low (1869.34).