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Strategies & Market Trends : Drillbits & Bottlerockets
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To: HG who wrote (12986)5/25/2001 1:22:16 PM
From: John Pitera  Read Replies (1) of 15481
 
dig deeper...hhmmm.... I see you've had a chance to buy JNPR at 52 today, it's 50 dma is about at that
price level...but you notice that the 51-52 area has been the hortizontal support where investors have been
buying the past 5 weeks, while it's made 4 lower highs over that time, so there are elements of a
descending triangle, which would suggest that the 51-52 level is violated to the downside.

JNPR looks like it's at the point next week where it will need to push higher or fall lower through that base.
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