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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Jane4IceCream who wrote (3088)	12/27/2004 4:13:01 PM
From: Vendit™	Read Replies (1) of 8752

Jane, I have the chart for CHINA tuned to a slow or normal setting. This means that I am making the assumption that no major market sell off will occur tomorrow or the next day. In the chart link below I drew a line at first upper resistance which is at $4.75. The chances are very good that CHINA will reach that mark tomorrow. IF CHINA can close above $4.75 then it will likely pop next upper resistance located at $5.00. Technically that is about all the momentum that is left in this current uptrend and then the stock will need to take a breather and seek lower support which the oscillators recoil and get ready for the next run. themarketwind.com Through today’s close the only negative that I see on the chart is the bending down of the William’s indicator. That is not a sell signal at this time. Reid

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