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Strategies & Market Trends : Sharck Soup

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To: Rick Buskey who wrote (21303)	5/8/2001 3:01:53 PM
From: besttrader	Read Replies (1) of 37746

Bought TXCC because of the reverse h&s and the declining volume on the daily. This shows that it might break out to the upside soon. Also bought ELNT hoping for a 60min/daily triangle breakout to the upside. I figure CSCO could be the impetus for such pattern moves on these 2 stocks. They have a high beta and like to gap up. Tommorrow they might gap and run really hard to the upside. Or, they might gap down, and theoretically be perfect shorts. Patterns like these work both ways. Either way, I'm looking for a big move soon on these 2 stocks based on their patterns. I just hope I'm right. If I am wrong, I will get out of these positions with a small loss on a gap down. Or I could wait for a bounce from the gap down, then get out.

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