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Strategies & Market Trends : NetCurrents NTCS

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To: Jill who wrote (162)	10/3/2000 12:00:26 PM
From: Teresa Lo	Read Replies (1) of 8925

"How consistently does a stock when breaking down always return to a previous level of support?" The previous level of support is always a place that will attract buyers, so most of them will just wait until the price comes down that far. As for JSDU, there is no reason why it cannot bounce to the underside of the 20-day EMA at $104ish from here, as a first target if the market improves. ispeculator.com "A consolidating triangle could theoretically have broken out in either direction, correct?" Yes, to me, all triangles are consolidations and they tend to fake out at the apex first before the true direction is known. Teresa

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