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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures -- Ignore unavailable to you. Want to Upgrade?

To: HighProb who wrote (6774)7/7/2005 6:45:27 AM
From: GROUND ZERO™  Read Replies (1) | Respond to of 12411
 
The wall will go vertical around 1180ish, and the ideal turning point is next Wednesday, so this means we may already be close to the lows and could just base around these levels... however, just to point out here that the floor of the current spiral is currently down around 1155.00 and still rising into next Wednesday at 1180ish, so we could see some more "irrational exuberance" to the downside before the selling is all over for this trading cycle...

GZ



To: HighProb who wrote (6774)7/7/2005 7:48:16 AM
From: wmwmw  Read Replies (1) | Respond to of 12411
 
THis is a start of a big move, could see Naz 1900 or lower, and the bottom no earlier than early August.
In 2003 we had a bottom on 8/8, in 2004 the bottom was on 8/13, so I have around 8/10 as the bottom of this decline, (possibly year low). The last decline we had from 3/7 to 4/29, about 50 days, from 6/23 goes another 50 days we have around 8/10 to finish this drop, which is due to seasonal weakness.


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