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Bernard Ng

02/08/04 11:50 PM

#16668 RE: bbgold #16666

I think the market will turn up next week or at least flat. NDX should start a bounce together with the SOX, which will lead INDU back to the high of 10700. For INDU, it's obvious that it's trading sideways, consolidating. A break above 10700 will get the bull back, while a break below 10400 will start the full force tankage. I don't expect the real tankage to happen until end of February according to the weekly chart.