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Strategies & Market Trends : Technical Analysis - Beginners

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To: Dick Brown who wrote (11040)	1/28/2001 8:41:55 PM
From: gonzongo	Read Replies (1) of 12039

NDX broke above the trend line which started back in September. It is now coming back to test that line. I would guess after we test it - we leg up to the 3000 area if the longs are lucky. After that I would guess we trade in a range and stay below the down trend line from last March for some time....until all the new economic stuff- works itself through. We have too much uncertainty and counter forces at work to allow for a major break to the upside. Potater stocks are always risky but they allow for potential good returns long and short for the nimble. However you slice it- Relative Strength- Revenue growth- Volatility- Volume are the factors that effect price movement.Potater stocks reflect many of those factors. gonz

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