Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: isopatch who wrote (418)	8/23/2001 12:14:55 AM
From: Paul Shread	Read Replies (1) of 36161

GG earned 19 cents a share last quarter in real GAAP numbers? Did I read that right? Pretty promising. The source of today's bounce - the 1990 NDX log trendline, the same support hit on April 4: If I use several touches in 1994 and call April 4 a piercing of that line, the NDX bounced right at that line today: cache.wsrn.com But if I use 1 touch in 1994 and April 4, the NDX didn't quite touch it: cache.wsrn.com Interestingly, 1468 (today's NDX low) was the exact measurement down out of the H&S top in May and June: 2070 head - 1769 neckline = 301; 1769 - 301 = 1468. But every other H&S top has exceeded the minimum downside... >>GRESHAM'S LAW: Good coin is hoarded when bad coin begins to dominate circulation.<< Where's that quote from AG from the 1950s where he says that a bubble can't be printed away? <ggg> Best, Paul

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