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Strategies & Market Trends : Position Trading Forum

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To: Glenn who wrote (4214)	10/24/1998 1:08:00 PM
From: Don Pueblo	of 7247

Depending on how you view the chart, it could easily go back down below 6. If you are looking to get in a good price, it's a bargain right now only if it jumps up, breaks through its resistance, and heads north from there. I noticed also it is tracking very closely with a stock I follow, SDTI. Here is a chart with the two. techstocks.com If you are a technician, you could also take a look at an overbought/oversold indicator, such as stochastics or the RSI on the stock (Welles Wilder's "Relative Strength Index") and compare it to the overall market, you may get some additional clues for timing.

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