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S&P 500
5,464.62
(
-0.16%
)
US TECH 100
19,220.00
(
-0.20%
)
Dow Jones
39,150.33
(
0.04%
)
Brent Oil
84.39
(
0.00%
)
Bitcoin
64,389.73
(
0.47%
)
Post# of 79025
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farooq

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farooq

Re: FreeMarkets post# 30963

Tuesday, 05/23/2006 12:12:48 AM

Tuesday, May 23, 2006 12:12:48 AM

Post# of 79025
23.69 % Correction is possible for this pattern. But we are near the floor on NDX, 1556—1552 is floor and by Wednesday we will turn, but if we break 1552 we could still crash. Tomorrow is highest probability on penetrating these numbers. On S&P 500, 1253—1247 is a magic support for June contact which will be tested in next Two days. If today is the low then it is possible that we might make new high on both indexes for the year. This is only 20% chance, will need major change on political scene. We will pull back before going down straight, 1295-- 1300 on S&P 1691 on NDX is doable.

Off course I do not know future and I was wrong many times, JMHOP.

Farooq

Farooq
This post is for educational and amusement purposes only, and is not to be interpreted as trading advice. Consult your financial adviser before placing any trade.

http://investorshub.advfn.com/boards/board.asp?board_id=4514

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