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Strategies & Market Trends : Classic TA Workplace
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To: The Freep who wrote (89537)1/17/2004 3:33:14 PM
From: Henry J Costanzo   of 209892
 
.....Assuming I am free to weigh in on this one......g

Daily certainly looks in bad shape......Reverse "golden crosses" - whatever those are called - in the MAs, and I can't see those positive divergences you note......BUT....looking on the brighter side....as I am often wont to do.....should have piles of support 30-35....and the weekly chart looks much better.....maybe even a "cup and handle" thing, with the handle beckoning....and....high short interest IMHO needs to be taken seriously..

OT....PS......Not usually around on weekends....grandkids' hockey games and such............but in deep hibernation here......Heat wave in progress.....all the way back to 23 ....and little snow this AM...... but heavy winds have piled up drifts 2-3 feet high across my driveway, and no plow in sight until - hopefully - Monday....
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