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Strategies & Market Trends : Charts for Breakout

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To: Julius Wong who started this subject	7/30/2002 4:45:12 PM
From: PAUL THOMAS	Read Replies (2) of 3506

Julius: I am giving up day trading NWRE to concentrate only on short term trading.It has been again making new highs and appears ready to correct back to about $13.75 A Bollinger chart with 9 days and 1.6 std deviations has done an excellent job of predicting turning points. Would you please give me your full blown opinion of the stock as I am about to bet the farm based on my own extensive technical and fundamental analysis efforts for 4 months now.I am predicting it will rise from 14$ where it closed today to 23$ after the September quarter earnings are published in mid November.The volume has doubled since July 1 as institutions have found the stock.

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