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Strategies & Market Trends : Technical Analysis - Beginners

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To: Trader X who wrote (11586)	2/13/2001 1:07:45 PM
From: TechTrader42	Read Replies (1) of 12039

KLAC's daily candle has turned into a shooting star. If that holds for the rest of the day, it's in trouble. That's what can happen when the longer-term trend is down, I suppose. Looking at the intraday chart, I thought it might bounce at 39 1/2 or 39. So far, it isn't looking very strong. Longer term, a sell signal is about to kick in for MACD 13/34/89. That's one reason it was dangerous. I wish Arthur Tang would join in here and say more about the fundies for the semis. AMAT tanked today, too. I didn't trade KLAC, btw. Was just keeping an eye on it.

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