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In a message dated 2/15/00 12:14:51 PM Eastern Standard Time,
eadamy@xxxxxxxxxx writes:
<< Early portion of declines are generally slower than the later. Still
looks like more downside and my NASDAQ model will go on a sell today
assuming poor breadth into close. Not necessarily a prolonged decline
but probably minimum 3470 on ND. Looks to me like the ND needs to
correct the entire rally from October in order to build a base strong
enough to support any further advances - the most recent rally was the
second attempt to rally from the early January lows and neither of the
rallies managed to attain the minimum impulse projection.
Earl >>
good afternoon
my most trusted indicator for the 5 days is @-172 and on 10 days@xxxx
at this oversold levels the down risk is TOO limited,,
(not that it could not happen)
but statistically it does not have good odds,,
also with other technical such as macd histogram in bullish divergence
lead me to take qweek profits
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