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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 689.10

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Jan 23 4:00 PM EST

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To: Dave Gore who wrote (36342)	3/5/2002 3:19:24 PM
From: Johnny Canuck	Read Replies (2) of 69967

I would not consider BRCM a short at this time. THe 50 and 100 day moving averages have converged, indicating the stock has been trading in a range for a while. The OBV did not trend down that badly despite the recent selling. All oscillaors ar still in the mid-range with the MACD still in the oversold region. There is strong resistance at 41, so I would wait till then if you still want to go short. BRCM is part of the NDX I think, so it will have institutional support. How much of BRCM's business is the other company?

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