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

To: ohbeone who wrote (19789)	9/22/2001 11:10:04 PM
From: donald sew	Respond to of 52237

ohbeone, >>>> Do you have any thoughts on fib targets for the rally. In other words are you expecting a fairly significant rally or a 70-100 pt. <<<< For discussion only, lets say hypothetically that the low for the NDX is 1088(FRI's lows). Using the 8/27 peak at 1602, the following are the various FIB rebound levels: 38% @ 1284 50% @ 1345 62% @ 1407 The is a gap up to 1365, which lines up pretty close to the 50% FIB level based on the hypothetical 1088 low. Even if the the NDX drops another 150 points that gap at 1365 will still be within the FIB rebound region. There is another gap at 1160 - lets just hope for the gap at 1365. gggggggg