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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Robert Graham who wrote (23390)	5/24/2000 8:16:00 AM
From: Lee Lichterman III	Read Replies (1) of 42787

>>PS: Isn't this talk of "predicting" the future fun? :-) << Yeah, that is why I keep a giant jar of Rolaids next to my computer and have to replace it every month. <ng> I was just looking at the XLK Tech Spider chart trying to pick an entry. Though it is a younger chart soi I don't have the luxory of going back 10 years etc, I seem to have a convergence of supports around the 43 area which would also equate to the 3K level as well. The big question is will the fake out be an earlier bounce or a failure of the support to hold. I would have to think the latter since complacency is so high but this is subjective and not analytical nor Technical. A failure of 2900-3K might finally give us that high volume capitulation as everyone finally gives up on buying the dips and we free fall to the 2500 support. I would be a long term buyer there myself. Therefore I doubt it will happen that way. -gggggg- Good Luck, Lee

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