123 Trends and Reversals Message Board

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Strategies & Market Trends : 123 Trends and Reversals

QQQ 632.08

+0.5%

Nov 3 4:00 PM EST

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To: Michael Watkins who wrote (2)	1/29/2001 10:44:49 PM
From: Ally	Read Replies (2) of 147

Re: Global Crossing GX Has clearly passed the Trader Vic 123 test of bottom, and reversed from a downtrend to uptrend. I've traded GX twice this month and came out both times with a profit. However, the second exit of $20 7/8 turned out premature since the stock rose to $25. My lesson here is that when a stock is on a trend, it is generally better to hold, rather than trade in and out. GX has sinced retraced back to the 20 ema line. Today, it bounced up from this support level. siliconinvestor.com The $64,000 question now is whether the retracement is completed, and the 20 ema support line holding up. Since Wednesday is D day, I think I'll wait and see.

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