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

To: ajtj99 who wrote (28483)	9/22/2001 3:03:30 PM
From: ajtj99	Respond to of 30051

I believe 1730 seems a decent target for a bounce if the Friday lows hold. 1747 is a .382 re-trace, but 1730 is pretty decent resistance, and there is a falling resistance line from the January 2001 high that may intersect that level in early November, providing an added level of resistance (one that has repelled every rally we've had this year, in fact). I believe your upper level target in 2002 is the falling support/resistance line from the March 2000 highs, and that would intersect 2250 sometime in the Spring of 2002.