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NDX missed Oct 98 low by 20 points and Friday's high missed high July 31 98
high by 2 points... close enough.......... Earl.. if you ever agree with me
I'll worry! :-)
----- Original Message -----
From: "Earl Adamy" <eadamy@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Monday, October 29, 2001 9:31 AM
Subject: Re: [RT] Case for the bulls-Maybe there is a case for both the
bulls and the bears?
> 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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