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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (111412)	1/7/2005 1:04:46 PM
From: The Freep	Read Replies (2) of 209892

I would add BIIB to the list of key stocks doing potentially bullish (or at least not bearish) things. Back of the 10,20mas after having never even challenged the 50. Retraced more than 50% of the drop, etc. I'd like to see more bio volume, but as a sector, it looks better than most, imo. BRCM, too, has gone up from that triple bottom (which was the area of a prior triple top!). Assuming BRCM can hold into the close, there's nothing bearish in that chart right here, imo. (Is there MC???). Even the Inets are doing okay today... far better than the +11 reading on the naz implies. Still could just be an oversold bounce, but there sure remain many crosscurrents... the freep !

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