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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.70

-0.3%

Dec 8 4:00 PM EST

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To: el paradisio who wrote (78929)	6/19/2001 11:10:36 AM
From: eichler	Read Replies (1) of 99985

Hi El, Looks to me you have a good grip on the charts. I don't follow DELL, looks like a tough chart to read. If I were set on shorting that one, I would try to pick my entry near recent resistance around 26 with a stop at an acceptable point above in the event of a breakout...today's rally if it can develop for a couple of days might provide some good short opportunities at resistance levels. If the rally fails to take hold and even gives up more ground in the minus column, look out below. I'm just laying low for the time being...when rallies begin in earnest, I think I'll be able to see some chart action I like in the penny stocks I like to play. I refuse to mess with anything for a few lousy percentage points when I can sit patiently for the right time and play for doubles. Just waiting for the smoke to clear and show me da money...ggg Regards, Eichler

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