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Strategies & Market Trends : Three Amigos Stock Thread

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To: Sergio H who wrote (19814)	5/8/2000 9:45:00 PM
From: Ken W	Read Replies (2) of 29382

Sergio y Don: NAMC: Chart wise, IMO will see 5 before it sees 7... Given the price has fallen down under the 200 and 50dMA as well as below the 10Ema. Coupled with the overbought condition of the STOCH"s, then the next support down for the stock is at 5. Any move off of 5 to the upside will be hampered by the moving averages at the present price of 6...as the 50dMA is in a downtrend toward the 200dMA...If the 50 crosses under the 200dMA then it is bye, bye birdy. I think it is a better short sell then a long buy. The trip to L.A. was hell, as usual. But, I'm raring to go on some money making moves. Ken (Proud owner of some CHK) You convinced me on Fri. Sergio!!

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