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Strategies & Market Trends : NEW Market Gems - Swing and Day Trades
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To: dayniteshadow who wrote (318)5/29/2001 6:29:03 PM
From: Jenna  Read Replies (2) of 1227
 
MSCC the chart is super. I would have liked this better above 61, because as MSCC started to correct not 2 days later it was once again in buy territory. The chart is still looking good and that stochastic move from 92 to 80 took out some pressure but there is nothing to do but look for intraday weakness. Resistance is at 60.50 and from there it will probably pull back. Don't expect too much from a short just yet, but as earnings loom ahead, the chances of a short will increase.
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