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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: space cadet who wrote (18634)	12/3/1998 5:39:00 AM
From: Clint E.	Respond to of 69317

Hello Space. >>>Acampora is calling for a trading range, which seems to be about right, with a top around 9400. Since when? I thought he was looking for 10K this year. Did he change it in the last week or so? >>What do you think is the bottom of the range? My target was 8800-8850 which came from my early November target. In early November, the DOW struggled ahead of jobs data and the FOMC meeting and came close to testing the upper range of my target. The DOW spiked low a few times back then but I forget the exact spike low values. I think it was somewhere between 8860-8870. I will watch 8860-8870 closely. I may stay home and trade it today. As far as the NAZ, my target was 1880 but that hasn't been tested yet. I've talked about the importance of 1920 in the past. 1920 has become support for the NAZ and was tested(1924) on Tues. Unless the ndx stocks(particularly our revived twin towers) weaken, 1920 is the floor for now. Clint