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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 691.72

-0.1%

Jan 16 4:00 PM EST

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To: Johnny Canuck who wrote (36270)	2/28/2002 11:43:37 AM
From: Logain Ablar	Read Replies (1) of 69852

Harry: If you remember the storage stocks like emlx, qlgc, brcd, mcdta all broke their April lows after the overall market started to recover. I distinctly remember purchasing some emlx above $12.5 only to see it break support. I don't expect the emlx support in the 25 to 28 range to hold if the overall market is going lower. At the least I expect $18 with a potential of $12.5 again but it does depend on the overall NAZ. QLGC I have a target of $18. At this point I have no bids in. Just waiting.

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