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We have rallied beyond the 78% retracement of the decline from the 3Jan
high, the 100% expansion of the initial rally/decline (w1-2?), and the
162% expansion of the most recent rally and decline (w.1.3-w.2.3?). This
appears to validate the current rally as w.3.3 and a w.3.5 projection of
1510 based on 162% expansion of w.1-w.2. Thus we should probably expect
a pause here for w.4.3 followed by another rally to complete w.3 at or
beyond 1510.
A war in the China Sea would negate this projection.
Earl
----- Original Message -----
From: "Earl Adamy" <eadamy@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Friday, March 17, 2000 9:17 AM
Subject: [RT] Re: markets/outlook for 5-10 days
> My NYSE models still looking good, NASDAQ models deteriorated
yesterday.
> This suggests that NASDAQ will retest its "bottom" within a few days.
>
> Earl
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