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The next projected high point is 3-10. However, the "high" can come in anytime before (failure) that date and start moving to the next low point. I would not bet on this market showing some support at these levels. Generally, the earlier the high comes in, the greater downward pressure on this market. Right now, our reference point for this high is from 2/18. Does anyone see this being taken out prior to 3-10?
In a message dated 2/26/03 12:58:06 AM Eastern Standard Time, bruce.larson@xxxxxxxxxxxxx writes:
Trouble moving up? You must be joking! We've got war talk from 2
separate countries, terrorist threats, test missiles being launched,
overseas markets making fresh new lows, confidence at a 10 year
lows, more accounting scandals and more execs being indicted for
fraud. This market had every reason to be decimated over the past
week and it held well above the previous lows.
So based on your delta, stocks should be adequately supported at
least for the next 2 weeks? That's very interesting.
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