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Politics : High Tolerance Plasticity

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To: pvz who wrote (14336)	6/7/2002 5:34:47 PM
From: kodiak_bull	Read Replies (1) of 23153

PV: I didn't do any buying today (or yesterday, or the day before) at all. On KEG, I don't think you're missing anything but the beauty of charts is we all look at them a little differently, and have different appetites for risk. Your candles say for the past 5 or 6 days: down (solid red), indecision (doji), down (solid red), indecision (doji) and then a white candle up on medium volume. If this were happening in a vacuum, I'd be closer to your camp. But it's not and I don't like the spectre of the shorter moving averages continuing down below the 50 dma or the widening of the Bollinger Bands at this point. I'm not saying KEG won't be attractive to me (unlikely, though, this is really just an academic exercise since I think energy is fairly weak right now) on Monday after the open, but it just wasn't convincing enough for a Friday afternoon purchase. Kb

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