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Pastimes : Home on the range where the buffalo roam
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To: r.edwards who wrote (1827)5/22/2000 10:54:00 PM
From: Boplicity  Read Replies (1) of 13572
 
NTAP chart looks just like SCMR but is tighter, NTAP also has resistance in the mid 70's area. Since I don't hold any NTAP right now, I would wait till we made it past that area on increasing vol. in a better market before I would buy unless of course I was trading it. The best thing about NTAP and SCMR chart is that they both have not gone back down or past the April lows like the big's did. CSCO recovery today was on good vol. where as NTAP was noting to write home about. I say that is a good sign CSCO but nothing to hang you hat on for NTAP. We might of seen a one day reversal for CSCO. I see CSCO starting a trend sideways at best, most likely more testing of the support at 50. You see, CSCO is the gauge for me, as CSCO goes so will the market. I just not too excited about today.

Greg
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