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To: Tom Swift who wrote (284007)4/13/2004 4:45:19 PM
From: Michael Watkins  Read Replies (1) | Respond to of 436258
 
Could be...

The gap opening low from April 2 has not been pushed through. Met intraday, but not broken. INTC or lack of other news to push things up ought to result in a push down tomorrow which should run enough stops to fill the gap ;-)



To: Tom Swift who wrote (284007)4/13/2004 4:58:38 PM
From: Michael Watkins  Respond to of 436258
 
A more careful look at potential targets:

trendvue.com

1. the obvious gap. after hours the opening gap low has been broken; what regular hours futures traders do tomorrow, including me, I can't say. Watch CPI release at 8:30 for the best hint I think.

2. Slap a fibbo ruler on and the gap appears at roughly the 38% mark. So that's seeming like a high potential.

3. Measured move out of the triangle could push down to 1149 on futures.

4. Add a little overshoot and price is at a 50% retracement.

All just "targets" not "forecasts".