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Technology Stocks : Network Appliance

NTAP 111.56

+2.1%

Nov 28 9:30 AM EST

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To: John Madarasz who wrote (8008)	5/16/2001 10:24:23 AM
From: John Madarasz	Read Replies (1) of 10934

so far the chart has drawn a left shoulder and head in a potential H/S formation. stockcharts.com[L,A]DACLYYMY[DB][PB50!B200!D20,2!F][VC60][IUB14!LA8,17,9!LF!LH5,5!LI5,5!LG!LC20] If Support gives at 20 or so, I would think a retrace to gap support below in the 16-17 range could be possible before another bounce to set up a right shoulder ideally around $22-23, to complete the larger head and shoulder pattern that may be forming. This could be the formation...if it plays out... that leads to the measurement in the single digits later this summer. All FWIW, hopefully someone can profit from these thoughts if the formation comes to fruition...be it traders or LTBH'ers... short or long. Patience and capital preservation are key. Luck to all

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