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Technology Stocks : Network Appliance
NTAP 107.32+4.0%Nov 21 9:30 AM EST
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To: Boplicity who wrote (8342)6/11/2001 1:21:37 PM
From: Dr. Id  Read Replies (1) of 10934
 
NTAP has all the characteristics of a failed stock that needs to base more. I think 11 area is looming large for a double bottom. Notice how the
25MA (green line) is moving back toward the 50MA (blue line), and the Stochastics at the bottom has been making lower lows, all that points to
weak action in the stock which to me says that currently there are more weak holders then strong ones.

I was wondering what those stochastics meant. I think we're heading for a double bottom headfake with a shot upside to the head, followed by a backbreaker and a double cross. :-)

Dr.Id@Ijusthopethatweavoidtheeyegouge.com
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