Piffer OT - And Other Assorted Nuts Message Board

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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts

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To: Sam Quentin who wrote (30317)	4/26/2000 1:23:00 PM
From: Ms. X	Read Replies (1) of 63513

You will see with a lot of these charts that sold off the same kind of thing. Look at CRA as an example of a stock pulling back and making a base. Same with PCHM but with a probable higher bottom. This kind of action is necessary it seems when things run 18 O's or more downward and especially if they go below the bottom of their trading band. Whenever a stock has run like that unless it comes to obvious support, it is best to wait for the reversal back up to set your sights correctly. Otherwise, how do you know how far it can fall? Good charts to look at for examples are CSCO, RHAT, CRA and SEBL's chart looks a lot like the one you mentioned.

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