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Strategies & Market Trends : Three Amigos Stock Thread

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To: Sergio H who wrote (22921)	12/16/2000 10:13:57 PM
From: Ken W	Read Replies (2) of 29382

Sergio: Since Ditch is going to hide for a little while. I have to get my 2 cents in on GE: 207.61.23.98 I think you are correct that there may be some bounce on the stock this next week at least to fill part of the gap, but (and I'll be gentle here) The stock is at a critical spot here. The 50dMA is just about to cross below the 200dMA...the price has preceded the moving average, which is a sign that things are not well in GEville. I realize that the market has been crappy the last 3 weeks, but once the snow ball heads down hill....well, ask your ski professional what happens. <GGGGGG> siliconinvestor.com GE gave off a short term sell signal in OCT. Slowly, but surely it will work its way down to 36, before any long term support will kick in. Ken

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