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Strategies & Market Trends : Classic TA Workplace

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To: The Freep who wrote (128034)	1/13/2006 5:46:53 AM
From: skinowski	of 209892

Emulex doesn't look too hot. It came down very hard off the top in early 2004, and has been recovering, but in a grindy fashion. Failed to recapture last September's high. Last 2 candles were a doji, and yesterday - a nearly-engulfing bearish thing. Short term, at least, ELX looks like an acceptable short, with the line in the sand at yesterday's high.

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