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Strategies & Market Trends : Paint The Table
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To: Jorj X Mckie who wrote (12932)2/5/2002 12:19:44 PM
From: jcky  Read Replies (1) of 23786
 
< I was just not feeling that comfortable with EMLX. I made lunch money, so I am happy. >

Of the fibre channel companies, BRCD has the weaker looking chart (plus valuation wise, BRCD is still at a ridiculous level). A good case can be made that when the strongest technology stocks have finally broken down technically is when the Nasdaq is finally close to a bottom. And if this is any indicator, the Nasdaq still has some way to go on the downside.

When, and if, EMLX breaks down, it will be very, very fast and hard.
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