Cents and Sensibility - Kimberly and Friends' Consortium Message Board

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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: ok1day who wrote (37557)	12/2/1999 11:23:00 PM
From: stan s.	Read Replies (3) of 108040

KIDE, hi Ossnat. Judging from your comments I'm assuming you'd like to see it test the 42 1/2 area, form a two legged stool and then buy as it turns up. Could very well happen that way, Nasty downturn signaled a couple of times by bearish engulfing patterns. Indicators are not a real big help yet, in this scenario you can always find some that look good and some that don't. Couple of things to watch for. If the drop continues, make sure it holds the 42 1/2 support...else you could be looking at a gap fill at 40 1/2. On the other hand when it does move up, watch for a strong volume move over the mid sixties, if it hesitates there you might want to back off a bit. I know that sounds like a lot of leeway but with KIDE it's not. If the euphoria returns with this stock you'll have a whole lot of upside...no rush, you don't have to catch the bottom. Again this is simply a look at the chart, KIDE moves so quickly that news will have a profound effect. Best with it. Stan

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