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Strategies & Market Trends : Classic TA Workplace

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To: Moominoid who wrote (164212)	3/17/2008 1:39:47 PM
From: robert b furman	of 209892

Hi Henry and Moom. A chart expert on CNBC said that last January we put in a tweezer bottom. Tweezer bottoms show buying support coming in at the same range. If volume is massive and we hold - we reconfirmed a support point - that's a good sign in my mind. I'd also say a mrginal violation that takes less than 3 days and 3% would be a scary and acceptable violation. Lot's of stock being bought cheap. All those puts being purchased would make a great payday for wall street if we had a reversal here. Bob

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