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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (37473)	4/30/2002 4:08:30 PM
From: Shack	Read Replies (2) \| Respond to of 209892

No I never thought it would go too far. But I though we may be looking at several days of up/sideways. Now I think this may end tomorrow.

To: AllansAlias who wrote (37473)	4/30/2002 7:18:38 PM
From: ajtj99	Respond to of 209892

Looking at past charts when we've been in a downtrend like this that has reversed off a pierced BB, there is usually a day like today followed by a gap, run to a 13-day EMA or 20-day EMA, and crap. I think we could run to the 13-day EMA (about 1725 COMP) and crap to a low below Monday's low, possibly 1207 NDX, and rise into expiration for what will be Max Pain of QQQ 32 by then. I think we could go up to QQQ 32.50 and drop to 32, then do a nuclear drop into June. (Or Nucular if you are a sitting president). Anyway, those are my thoughts. That would make this more of a flat than a 5-wave up, I believe.