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It is interesting that everyone has a different opinion and that everyone's
opinion can be correct. If you look at the daily chart the Nasdaq is in a
downtrend and making a retracement. Yet, if you look at the 60 min chart the
Nasdaq is in an up trend and currently in a retracement. So everyone can be
right, depending upon what they are looking at. The 60 min says, IMHO, that
price can retrace to 1840 +/- and still be in an uptrend. Why? Price has taken
out a previous high. There is stochastic divergence and in a couple more bars
the time cycle will end. How long, and how high price will go can only be
measured after the turn has been made. right now I have interim support right
in this area, 2000. I also have another support level at 1975+/- and an interim
downside target of 1935 +/-. The target posted of 1950 doesn't seem that far
off from what I am looking at. time will tell. Ira.
Tom Alexander wrote:
> Just for kicks, I keep a folder in my mail box titled "predictions". Anytime
> someone posts a prediction it goes into the file. I review it every few
> weeks. It is an interesting exercise. I suggest that anyone who thinks
> there is some big secret out there that somebody else is privy to do the
> same.
>
> I predict the predictions will continue.
>
> Regards,
>
> Tom Alexander
>
> ----- Original Message -----
> From: Joe Duffy <joeduffy@xxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Wednesday, April 25, 2001 9:30 AM
> Subject: Re: [RT] Re: NASDAQ Rhythm
>
> > Why not post some your reactions? Supported with bro statements would be
> > great? In the interim, predictions are all the rest of have. Haytham has
> > contributed some useful information in the short time he has been on the
> > forum. I hope he isn't discouraged from posting by those trying to
> belittle
> > his contributions. Personally, I take the other side, and always open his
> > posts to see what he has to say.
> >
> >
> >
> > ----- Original Message -----
> > From: Gentle Ox <enchant@xxxxxxxxxxxxxxxx>
> > To: <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Wednesday, April 25, 2001 7:46 AM
> > Subject: Re: [RT] Re: NASDAQ Rhythm
> >
> >
> > > The market will do what it do
> > > react rather than predict
> > >
> > >
> > >
> > > To unsubscribe from this group, send an email to:
> > > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> > >
> > >
> > >
> > > Your use of Yahoo! Groups is subject to
> http://docs.yahoo.com/info/terms/
> > >
> > >
> > >
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
> > Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
> >
> >
>
> To unsubscribe from this group, send an email to:
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>
>
>
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