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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?


To: Jerry Olson who wrote (11281)12/10/1998 2:28:00 PM
From: Judy  Read Replies (2) | Respond to of 34811
 
OJ, it's perfectly normal for the market to backfill and retrace down to 8700 and establish an intermediate support level.

Note NDX should not tank, examine the top stocks that comprise NDX ... CSCO, MSFT, DELL, INTC, etc ... heavy hitters that have solidly broken out and run 30 percent or more. They will rest, but sentiment and fundamentals are in place for the rise to continue.