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To: The Freep who wrote (134089)7/5/2006 11:07:06 AM
From: skinowski  Respond to of 209892
 
If you take an overall look at NDX, the action since mid-June does look corrective. Threes up and down. A bear flag, if you will. Of course, we've seen plenty of such "flags" turn into reversals, but the odds are not too bullish here, imo. Especially with this unpleasantness that is going on right now - an overlap forming with the 6/29 top.

And... expecting a bit of "chopping around" is - most of the time - a good bet... ;)