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Strategies & Market Trends : Moufassa's Lair

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To: James C. Mc Gowan who wrote (2743)	12/13/2001 5:39:17 PM
From: moufassa7	Read Replies (5) of 13660

James, check a daily chart for QLGC. This one has obviously been one the leaders during the last 3 months [$17-$57]. Over the last 2 weeks it has formed a near perfect flag formation. The pole formed 12/4 12/5 and the pennant 12/6 until today formed between $52 and $57. The break of either boundary should lead to an equal $5 move in the direction of the break. QLGC closed today @ $52.29. If $52 breaks tomorrow , $47 beckons. Time will tell.

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