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Pastimes : ASK Vendit Off Topic Questions

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To: Glenn Duncan who wrote (1465)8/21/1999 11:22:00 AM
From: Venditâ„¢  Read Replies (1) of 19374
 
Another way to look at both of these stocks and try to determine where they are technically is with bollinger bands and candle reading.

216.32.224.100

In ATHM's chart you will notice that it has slipped below the middle support line so there is a better then 50/50 chance that it will gravitate to the lower line before it can restart an up move. This gives ATHM a lower target of about $32. The candle formed Friday is called a spinning top and suggests that investors are undecided whether to buy, hold or sell. Monday will set the direction.

216.32.224.100

CSCO's chart paints a rosier picture but we have to keep in mind that CSCO is not a stock that pops up 5 or 10 points a day so its move will be slower. The stocks price is solidly above the center support line so it should head towards the upper line in the coming days. $65 will be touching the line but the shape and angle of the bands suggest a renewed uptrend is coming with this move.

A healthy market will untimately rule whatever the outcome is.

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