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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 685.40+1.2%Jan 21 4:00 PM EST
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To: Johnny Canuck who wrote (39603)5/29/2003 11:35:30 AM
From: j g cordes  Read Replies (1) of 69946
 
Its impressive how some stock prices become extremely hard fought lines in the sand.

For example EBAY is struggling to hold 100 and DNA is struggling to hold 60.

Its as if there's a rallying cry that subconsciously goes out to share holders to defend it at all costs. Meanwhile its just as mysterious how all the defensive activity attracts shorts who are relentless in predicting the defence will fail. Once breached, in either direction some numbers seem to be pivot points from which a recovery to higher prices is less likely, or over which the stock will run.
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