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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: HairBall who wrote (44027)	3/26/2002 11:40:32 AM
From: John Madarasz	Read Replies (1) \| Respond to of 99280

1480 NDX is alot more than just the top Line of that Falling wedge, it's the area of the 38.2% retrace, AND the neckline of a bigger H/S on the 60 min chart that is still technically in play. That formation measures to 1370... Suffice to say it is a key area and MAJOR overhead resistance to overcome if any sustainable rally is to play out. By the time price reaches that point, it will be a good bet that 5/3, or 5/5 slow stochastics will indicate overbought conditions at resistance on the 60 min charts... a great set-up for a fade... maybe short covering will be the catalyst to push price through that significant resis...or maybe not thxs for the chart