FX:NAS100   NASDAQ 100 Index
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The present rebound in the NASDAQ does not indicate that the downtrend is over. There is plenty of scope for the upswing within the downtrend. However, the softness of the bottom indicates that the overall correction may be much less than I previously predicted and the downtrend may come to an end in mid-year rather than year-end. Watch to see the rebound end then go short for a while?
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