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I seriously doubt we see much more than
875.95
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Neal
Hughes
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Friday, January 31, 2003 4:58
PM
Subject: Re: [RT] NDX_daily....H/S
pattern
Hi Victoria. The S&P already broke that
neckline in January andretraced to .618 support. It has bounced at the
.618 area for thepast few days..Quite likely that the Nasdaq will
take out that neckline if/when theS&P also breaks the .618 area.. Then
a move down to Oct lows isvery probable.. Even if the S&P
bounces & rallies, I can't get excited about the long side of thedaily
chart unless the ES (mini) exceeds 899 to the upside. Then there is
theprior high resistance area of 940/950 ... So not a very bullish picture
there..-Neal.<A href=""
eudora="autourl">http://www.fibmarkets.comAt 11:14 PM 1/30/2003
-0800, you wrote:
sox neckline was broken last
friday...look for ndx to follow suit (we now have a lower monthly close and
three lower weekly closes)...target zone will generate one hell of a
rally...probably the best since the bear began. Heads up and enjoy
the ride! <g>VDo you Yahoo!?<A
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