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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (72097)	4/25/2003 11:17:10 AM
From: Henry J Costanzo	Read Replies (1) of 209892

MMM..........guess it won't come as a surprise to you that I would have serious qualms in shorting on other than a few-points, wiggle-basis. This stock still one of the relatively strongest of the bear market since 2000. It's now getting support from its 200-day SMA......and approaching support from what looks like an important uptrend line drawn through Sept '01, Sept '02, and Mar '03, and which comes in at about 121 ( which would also fill the Mar 13 gap at 121.74)..... RSI today close to 20......about as oversold as it's been in the past year..............So, be careful ....<,VBG>. (BTW.apologize for never posting charts,,,don't know how......and too old to learn).....

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