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Strategies & Market Trends : YEEHAW CANDIDATES
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To: Julius Wong who wrote (2758)8/10/2003 6:19:29 PM
From: BubbaFred  Read Replies (1) of 23958
 
I prefer using technical charts (MACD, Stochastics, Momentum, the 20- and 50-day moving averages). From these technicals, NWD is in corrective phase. It broke below the 20-day MA, and in the past it would drop all the way to the 50-day MA.

My buy point would be in the 0.65 to 0.75 range. Considering the corrective phase of China and HK stocks, I think using technical charts for buy entry point at this time would be more appropriate.

But what do I know? Mr Market may decide to take NWD to new highs tomorrow.
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