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

To: DlphcOracl who wrote (46626)	4/3/2002 7:57:19 PM
From: ajtj99	Respond to of 99280

Dlphc, that's why I mentioned that resistance levels have to be watched very closely. In this case, NDX 1425 is the key level to watch. It's a .382 re-trace off Monday's pivot high as well as a recent support/resistance level. If we get above that, next resistance is around NDX 1440 and 1450. The 1425 level is also the middle BB on the 60-minute, I believe. That works well also in a serious decline.

To: DlphcOracl who wrote (46626)	4/3/2002 9:04:49 PM
From: American Spirit	Respond to of 99280

This sell-off is war-related. Depending how it settles when it settles we will rally hard off whatever bottom we make here. Right now we've got bad trouble in the ME but that could change if the parties start seriously negotiating again. Won't happen right away but unless the Arab nations wants to wage war on Israel it will start as soon as Israel's police action is over. In the meantime, there are gems of great value being uncovered. Just have to know how and when to pick 'em. And of course you need to be lucky.