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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (17958)10/25/2001 12:13:15 AM
From: The Freep   of 209892
 
Yes, Shack, I knew you had this count, too. I'm just throwing it out again cuz we haven't been taking bigger picture stuff.

I was just poking around in the storage group, as that's always been a fave of mine (made and lost a lot of money there in my happy then sad clown days), and I noticed that EMLX, BRCD, and QLGC are all within a point or two of some pretty tough resistance. BRCD is running up to a gap at 28.4, for instance (a gap over 30 would give it an island reversal, by the way). I betcha the storage group stops tomorrow, helps the down, then on the C up (if this count is right) breaks over all those resistance areas. Brocade, by the way, should be earning something like 2 or 4 cents this quarter. Oh well, at least it's positive.

ECB tomorrow morning could be key. Or not. I dunno. The Beige Book certainly had no impact today. Tres confusing to a Freep like me.

the freep
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