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To: freeus who wrote (16720)	12/1/2000 11:08:39 PM
From: Walkingshadow	Read Replies (1) of 19374

Hi freeus, QLGC looks to be early in a downtrend, after a failed double top in October, followed by three lower highs and two lower lows: askresearch.com Though showing early buy signals in Williams %R, OBV, and MFI, stochastics have not signaled yet (nor has MACD). QLGC is currently trading below its moving averages, where it arrived after this week after some nasty looking candles (Three Crows; bearish candlestick formation), on fairly good volume. But, despite that, today's candle (Gravestone Doji, or Shooting Star) is a bearish one. QLGC tested and failed at overhead resistance at 90 (also at its descending 10 day ema), and IMHO gives little suggestion it will succeed at a retest. askresearch.com JMVHO, as always............ Walkingshadow

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