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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Zeddie88 who wrote (6193)	3/9/2005 6:19:34 PM
From: Vendit™	Read Replies (1) of 8752

Sue, This is the first chart that I am studying for DECK. 139.142.147.218 As you can see, the lower Linear Regression channel agrees with your read on Bollinger Bands. In addition please note the shape as well as the position of today's candlestick. The shape is a hammer which is often found on short term bottoms. The position is on the lower band which is the logical place that a short term bottom should form. Troublesome indication would be MACD wgich shouls low momentum so a longer term hold may be required for a profit reward. That may be account for by the less that one million per day share volume that the stock has. Low volume equals low volatility. Reid

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