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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: Jenna who wrote (45693)6/22/1999 12:41:00 PM
From: HairBall  Read Replies (2) of 120523
 
Jenna: I usually do not post about individual stocks, but I went short CUST via my technicals at about 60 and covered a little above 30.

Then when CUST moved back above a SRL and my intraday technicals agreed, I went long again around 33. CUST just popped above another SRL. It is looks like it may make a first Fib retrace of 33% approx 48.25.

I am trailing stops, do you see it going up further? If it goes past the 33% retrace, one might see a major squeeze.

By the way...Jenna...might be an alias...and on SI?...<g>

Wished I had been following CUST before the dump from 90. During that water fall it came up on my radar screen, but I would not chase it down and waited for the first bounce.

EDIT: By the time I get this typed and posted to you....I might get stopped out....<g>

Regards,
LG

SRL = Support/Resistance Line

PS: Not promoting this stock, just a pure technical trade.
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