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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: Lost to Voodoo who wrote (3031)5/17/2000 7:32:00 PM
From: Lost to Voodoo  Read Replies (3) of 19219
 
The more I look at AMZN, the more dubious I become. It actully has a major down trendline to deal with on the upside as well, coinciding with the 300 day ema. They're both just above today's high. I'd say if AMZN can close at 63 or higher, and especially if it can get over the 200 day a little over 65 we might have something (even though it's still not a "real" - as in new high - break). But again, those are honkin' ifs.

After looking through my stable of stocks for the day, I'm also struck by how many look like they're ready to plow through on the downside. Like EXDS, for example, sitting on it's 300 day ema which has supported it so far. So I'm pretty much adding up to one big nothing as far as clear market direction!
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