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Symmetry on the NDX has, so far, failed to confirm the downside and has now
confirmed the failure. Note that the weekly 21Sep low failed to reach the
9Oct98 low of 1063.28 (initial failure) and has now exceeded the 24Jul98
pivot high of 1485.97 (confirmation of failure). While in no way an
indication that the long term bear market is over, it is an indication that
something appears to be changing in the intermediate term.
Earl
----- Original Message -----
From: "Dorothy K. Carter" <dorothy.carter@xxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Sunday, October 28, 2001 11:27 AM
Subject: Re: [RT] Case for the bulls-Maybe there is a case for both the
bulls and the bears?
> I agree the next leg down ... there will be no place to hide... The DJIA
> will most probably be taken down harder than NAZ.... To get the real idea
of
> where NDX is at take a look at monthly chart symmetry would suggest that
> if a rally ended Fri. with the sharp reversal as suspected, then that
high
> would be equal to monthly high of 7/31/98 1485.97. As stated
before...
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