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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: Killswitch who wrote (10686)	2/21/2002 4:49:44 PM
From: Dan Duchardt	Read Replies (2) \| Respond to of 19219

FWIW, the NDX low/clsoe today is sitting almost exactly on the April 2001 low. A bounce could be the start of an inverse head and shoulders pattern, with the descending neckline now at about 1640. Then again... who knows if it can bounce. That "necline" nearly parallels the line from the April low to the September low forming a down channel, the bottom of which is now so low I don't even want to think about it (around 850). Dan