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Strategies & Market Trends : Rande Is . . . HOME

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To: Rande Is who wrote (8369)	6/17/1999 1:26:00 PM
From: Kevin Shea	Read Replies (4) of 57584

TA opinion on Inets: the current activity is pushing up against a resistance line AND a 21dMA line in most large nets ( as well as the IIX ( index))... for short term plays, this should be looked at as a caution signal... It sometimes suggests that we may see a retest of the recent lows...if MA is broken from below it often leads to a move equal to the previous move followed by a retest of the MA from above.. Leave it to say that bottoms take on many shapes and forms... we are now at a short term juncture... May be best to establish stops at "comfortable" levels.. no time to get cocky Obviously, just my opinion...

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