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To: jjstingray who wrote (68908)3/18/2003 3:24:47 PM
From: ajtj99  Respond to of 209892
 
It would just be a gap fill and a double top on the NDX (assuming 1100 NDX gets hit).

It would make it quite difficult to look for new lows if that happens, however.



To: jjstingray who wrote (68908)3/18/2003 3:29:38 PM
From: Henry J Costanzo  Respond to of 209892
 
<<As unrealistic as it may seem>>

Why unrealistic??.........Comp has broken downtrend line from Dec, is sitting well above 200-day SMA, has not yet retraced .62 Fib of decline from Dec, and is approaching an open gap between 1401 and 1420...

Seems to me quite realistic to expect move into 1400s...


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