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Strategies & Market Trends : Sharck Soup
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To: lifeisgood who wrote (25166)5/26/2001 11:28:24 PM
From: besttrader   of 37746
 
Also I thought SUNW was a reverse H&S breakout, but now is a simple rising parallel
channel, and is a buy at it's lower parallel channel line in the low 18's. They are
having a conference I believe on tuesday, so it will be interesting to see how it
affects this channel. SUNW's daily stochastics are crossing down now, and MACD doesn't
look too hot either. CSCO also has a rising channel too, and it's lower trendline will
give you a BUY at 20. Maybe the NAZ will bouce when these 2 generals hit these lower 2
trendlines, which might correspond to NAZ 2200.
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