The Thread Formerly Known as No Rest For The Wicked Message Board

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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: kathyh who wrote (51032)	6/14/1999 2:30:00 PM
From: stan s.	Read Replies (1) of 90042

SCUR, Hi kathy. Broke support 2 days ago, tantamount to a sell signal. However, if you're still holding, this is not yet a squeeze to the downside. This will still pop, the direction is still open to question. I have always thought that the major pop would be to the upside because in patterns such as this it usually is. Let me review my data feed and charts tonight and I'll give you a read. One of the problems with my giving analysis of stocks is that I travel a great deal and often fail to follow up in a timely manner (sitting in a motel plunking on my notebook as we speak). I will try and correct that. I will also give my take on support and resistance from now on when I mention a stock. Please keep in mind that the terms support and resistance don't indicate where stocks will necessarily stop movement, rather they give indications of where to buy, sell or hold off...if/when they are broken. I would not panic, downside seems limited unless there's some egregious news or rumor. I will check. Stan

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