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Strategies & Market Trends : NetCurrents NTCS

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To: Ibexx who wrote (111)	10/2/2000 3:10:16 AM
From: Teresa Lo	Read Replies (4) of 8925

SDLI: Daily chart is now in a triangle or descending wedge here, with a test of $300 almost inevitable, I think. ispeculator.com So the question now is what happens on test of $300 if it happens. Will it do a fake break and then trap the sellers or will it make a clean break? Alarms should be set to go off at $301, and when it does, we can revisit SDLI. SCMR: The daily chart shows a text book "backside" bounce to two points of resistance, namely to the "backside" of the broken uptrend line and the 30-day WMA. Sellers showed up on the bear flag (failed bounce) and it's now testing the Sept 19 low. ispeculator.com On Friday, it finally had an up day, but until the high from Friday is broken to the upside, it's still on a downswing in a downtrend, with resistance at $124.75 overhead. ispeculator.com Teresa

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