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Technology Stocks : JDS Uniphase (JDSU)
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To: PartyTime who wrote (21005)7/29/2001 3:41:49 PM
From: robert b furman  Read Replies (1) of 24042
 
Hi Party Time,

I have realtime TC2000. When JDSU opened with a gap down - there was great support below 8.00. In perhaps excess euphoria, it was driven up 8.74.It then floated down and appeared to me to have good Time segmented volume(support) in the 8.30 range.

Usually in washout bottoms a "TOO FAST pop up WILL OCCUR and then a retest.

I thought it looked like support was coming in at the 8.00 range. A quick study of stocks I've held that broke below 10 shows high 7's and 8.00 to be a frequent support level - if that goes then 5.ish comes up next( 5ish being the more frequent on small caps).

My anticipation is a quicker bounce to 12-14 which I'd sell.Then a retest to 8-9 which I'd buy. If wrong I'll average down at 5ish.

Just one traders opinion.

Hope to buld a long term position - but a little bit bigger position if the quick pop up allows a short term gain before the final accumulation.

BWDIK

Bob
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