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Strategies & Market Trends : Shorts waiting to happen

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To: James T. Murray who wrote (693)10/2/1996 12:39:00 PM
From: Peter Shaw   of 852
 
At last, a non tech short! KO has finally broken down technically. Pierced the neckline of a H&S today at 50. While fundamentals are strong, uncertainty has set in and the valuation is way too high to support that. Looking for retracement to the 40 - 42 level.

Cheers,

Peter Shaw
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