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Non-Tech : The Critical Investing Workshop

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To: AllansAlias who wrote (34941)	3/21/2001 4:24:51 PM
From: Clappy	Read Replies (3) of 35685

Hi Allan. What software do you use to draw your graphs? In the case of your SUNW graph, I guess if it breaks below that trendline there is only a small amount of support at ~14ish. Otherwise it looks like it could easily drop to the $7 range... What does the light grey bar at $25 indicate? Resistance of the previous lows? Would a Fibonocci bounce bring up approx to ~22 before it sees resistance? (I got this by eyeballing your graph and taking the previous short term high of 34 and subtracted the new low ~17 giving me a 17 point drop. Divide by 3 getting a bounce of a little less than 6...) I still consider myself a greenhorn at TA so please correct me if my method is wrong... -ClapOff

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