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Re: Nasdaq 2700... and (I predict) THAT'S ABOUT IT.

By: Decomposed in ROUND | Recommend this post (0)
Wed, 26 Oct 11 1:36 AM | 51 view(s)
Boardmark this board | De's Test Board 		Msg. 35821 of 45651
(This msg. is a reply to 35794 by Decomposed)
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A day later and the Dow drops 200+ (1.7 percent). More significantly, the Nasdaq fell 61 (2.3 percent) to 2,638, bouncing smartly off of 2,700 right on cue.

I wouldn't be too surprised if it tests 2,700 once more, but whether it does or not, the argument that a mid-term peak has been set has just been bolstered.




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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months

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Nasdaq 2700... and (I predict) THAT'S ABOUT IT.
By: Decomposed in ROUND
Mon, 24 Oct 11 9:10 PM 		Msg. 35794 of 45651

Mid-term (until at least May, 2011), I don't see the Nasdaq going much higher. And that's probably true for the other markets too, though the Nasdaq is the only one I've really looked at.

The resistance at this level is strong.

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