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Technology Stocks : Alliance Semiconductor

ALSC 0.810

0.0%

Jul 10 5:00 PM EST

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To: Jibacoa who wrote (6741)	1/4/2000 9:02:00 PM
From: Jibacoa	Read Replies (1) of 9582

<<<While on the daily chart you can also see that the stock could come down to 15 1/16 and still remain with an intact up-trend. IMHO I don't think it will test that level and should be trading close to 20 by the end of the week.>>> The stock came down to 14 3/4, but was able to close above the support level. We hopefully could see some rebound after the sharp sell off in the NASDAQ today, but in general amber lights are flashing and caution at least should be IMHO opinion the best policy at present. I was able to raise a fair amount of cash today, as I want to keep my powder dry just in case. It is always best to be long stocks on a rising market when green lights are shinning and advances outrun declines as well as new Hs are outpacing new Ls. (See my note from this morning): Message 12457797 Good luck to all. Bernard

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