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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: t2 who wrote (30186)	6/17/2003 10:16:32 PM
From: Jeff	Read Replies (1) \| Respond to of 30712

2500 is near the 38% retrace of the bottom to peak....dow in the 30's did a retrace like that but it took 4 years.... nasdaq however is retracing faster then dow 30's and could see that next year or early 2005.... but no need to worry about that now.....<ggg> breaking out from this 1660's area should give the first taste of 1700's.....theres another P&S ema i'm watching up there.....breaking that ema should give shorts a sucker dump and last chance to get out before a "shorts capitulation ramp-a-thon blow off run to maybe 1800's'.... breaking down from this 1660's area would be the first warning sign in this whole rally that something might be changing....thats just a strict guideline thing i'm watching....