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northam43

01/17/06 2:08 PM

#17349 RE: positiontrader #17348

Position Trader - Right now Stock Charts NDX Daily RSI(5) is 56.3, MACD(12,26,9) trending down. We more than likely will close below RSI(5) 70 (bearish). I believe this pullback will take us down to 50 DMA which will probably be around RSI(5) 30 area.

Good trading!

Lindy