XLA or SCF from Mass. to Burmuda Message Board

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Technology Stocks : XLA or SCF from Mass. to Burmuda

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To: D.Austin who wrote ()	5/6/2000 12:57:00 PM
From: Chi-X	of 1116

XLA's Resistance to rising - Technical Analysis As you know, longs are lined up all the way up to $225 or so? During the fall, I kept see posts on the board, "I'm buying more at (current price)". I kept seeing posts about buying more as we fell to $200, $175, $150 (bargain?), $125 (gonna pop to $150?), $100... (you do the split adjustment) Uhhh... you get the picture. Anyhow, the reason why any move up is considered "resistance" is because of the folks that bought higher than the current price wanna see XLA rise to their purchase price so they can exit and break even. XLA experienced it's largest volume the last 2 months meaning the largest number shareholders are at higher prices and currently at a loss. That would mean mutual funds, banks, and just the average joe will be wanting to break even. It's gonna be a tough ride for you longs...

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