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Strategies & Market Trends : gem-x's incredibly accurate Elliott Wave forecasts.

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To: eichler who wrote (365)8/12/2001 4:40:58 PM
From: eichler   of 2290
 
Here's another candidate/idea from the long side:

60 minute view shows price marching upwards
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I think price is likely to re-test that last breakpoint @ 36.25

Daily view shows indicators turning up.
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30ema (blue line) @ 38 likely to provide resistance. Downtrend line above additionally an upside target.

Weekly view shows indicators oversold
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Plenty of room above on those fib targets

Monthly view shows price fulfilled 50% retrace of huge move up. Price sitting on 30 ema (blue line) support.
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Also, there is a potential catalyst in the form of a conference call Monday to move price.
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Just an idea for your consideration. Not a recommendation to buy or sell. Always do your own Due Diligence and research.
Make your own decisions!
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