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Strategies & Market Trends : Joe Stocks Trader Talk

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To: Joe Stocks who started this subject	2/5/2002 10:33:22 AM
From: Joe Stocks	of 787

BRCM- Looking to add to short position on break of 200ema if it holds. Curently riding it. 09:40 ET Broadcom Intraday -- Technicals -- (BRCM) 39.26 -0.92: Falters in early trade but still holding above support at its 200 day simple ma (38.70). This barrier provided important floor in Dec. Intraday tone improves on a breach of resistance at 40. Failure and a sustained penetration of the moving average points to the Dec low again (36.57) and 35.87 (50% retracement of Oct/Jan rally).

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