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Technology Stocks : AUTOHOME, Inc
ATHM 24.06+2.0%Dec 10 3:59 PM EST
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To: M. Frank Greiffenstein who wrote (23930)7/25/2000 7:52:27 PM
From: E. Davies  Read Replies (2) of 29970
 
Classical TA says that we just broke down *below* the 3 month base. Thats a bad sign. The base now becomes a well built resistance above.

The possibility exists however that a stock that has technically broken below support can rapidly snap back and resume walking in the base. I feel most people attempting classical TA are too rigid in their interpretation of support levels.

I don't see it happening here though. Too many bad things all at once.

Eric
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