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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Magnatizer who wrote (19573)2/24/1999 2:37:00 AM
From: Chris  Read Replies (1) | Respond to of 42787
 
Hi buddy,

to answer your question: one would not use the ellipse/MOB.

however, to answer your question, I did a FIB retrace from the 2/1/99 peak to the 2/17/99 low: here are the levels:

2220, 2298, 2340, 2377, 2413

we closed at 2376..




To: Magnatizer who wrote (19573)2/24/1999 2:39:00 AM
From: Chris  Read Replies (2) | Respond to of 42787
 
my best guess is NAZ will hit 2413 and then go down/retrace from this rally in the past 3 days from 2200 low.

All guessing and forecasting.. Rather, One should trade on reaction mainly.