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Hi,
My current working hypothesis is that the NDX is staging a bear
market rally of intermediate proportion. IMHO today is just the
start of a minor reaction from overbought levels and that we make
it to the 200 SMA before the rally ends. Could be wrong, volume
today was higher and retracement was stronger than I'd like, time
will tell.
regards,
tbr
> From: Ira Tunik <irat@xxxxxxxxx>
>
> Are we looking at the start of another bull market in the tech stocks or
> just a nice short squeeze? Many of these stocks have seen doubles off
> of their lows. In my work I have a lot of them reaching upside targets
> or at least very close to them. These targets usually act as resistance
> to price movement. time will tell. Ira.
>
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