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Strategies & Market Trends : NetCurrents NTCS

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To: Teresa Lo who started this subject	2/14/2001 10:32:00 PM
From: ken-l	Read Replies (1) of 8925

compx closed rite on <actually slightly above> the 'adjusted' upper down trend line of the intermediate term down trending channel <which started from the second peak @2872> today !! if it can confirm by closing above this same trend line tomorrow, it may and can retest its broken trend line of the previous 01/03 channel, currently trailing around 2675+/- and gradually rising !!!! it's funny how they line up the strong resistance @2550+/- !!!! - 61.8% retrace betw 3028-2251 @2548 - 38.2% retrace betw 2651-2388 @2550 - 50% retrace betw 2705-2388 @2547 - unfilled gap betw 2562-2554 - 10 EMA @2561+/-, and should be slightly lower tomorrow !! i assume IF <big IF> compx can take out this strong resistance, reaching the broken trend line @2675+/- shouldnt be any problems !!! <GGG> observation only !! regards, auto

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