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Technology Stocks : General Magic

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To: Seconds Out who wrote (9348)	2/2/2001 11:20:52 PM
From: John Madarasz	of 10081

lol! still having fun here Seconds, believe it or not. Todays close below the 50 dma was not what I would have preferred though... fwiw uptrend still intact from the lower trendline off the 12/20 and 1/8 lows as we continue to work down into the wedge. I think a close below $2 would not be good though short term, and the compx/ndx/sox is showing some real signs of struggle and looking limp here. With no follow through from the overall market, I wonder about getting any moves of substance. Maybe Cisco will drive the market higher with a good report Tuesday, but the economic #s continue to look grim to me. I'm rapidly losing my short/intermediate bullish slant and looking for more drift down into the wedge...maybe a few more weeks before a real break out...Who knows? It's a fun study, but I'm Glad I have a life, cause this stock sure ain't doin it<ggg> Have a great weekend, Johnny Boy

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