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Strategies & Market Trends : Ask DrBob
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To: JoanP who wrote (142)8/18/2000 2:43:55 PM
From: Louis V. Lambrecht   of 100058
 
Chicken_little - CMGI

I have a range pattern on CMGI (downtrend) from Jan.

Seems to have found a bottom 33ish.

I am waiting for a test of 41 11/16 open from Aug 09, close to 50DMA when (if) it does.

Nasdaq helping and earnings run (3rd Thursday of Sep) helping, these levels should be good re-entry points.

I still am watching two possible lower suports levels: $34 1/2 ad $21. If we cannot break 41 11/16 soon with a positive broad market, $21 is still a possible risk. JMHO.
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