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Strategies & Market Trends : Technical Analysis - Beginners

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To: Smooth Drive who wrote (11636)	2/24/2001 10:26:16 AM
From: TechTrader42	Read Replies (1) of 12039

Looks like a bounce to me, Eric. With the Nasdaq, shown in your chart, MACD 13/34/89 isn't as oversold as it could be. QQQ's chart shows the same thing. Does that mean the bounce could be limited? I don't know. MACD 13/34/89 looks more oversold in some individual stocks, such as CSCO, which has a nice chart. (Of course, nice charts can turn ugly quickly in bear markets.) And in some charts, such as INTC's, 13/34/89 is still showing a downtrend and a possible 0 crossover. So there still could be some clouds on the horizon.

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