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Strategies & Market Trends : Technical Analysis- Indicators & Systems

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To: Jason Loren Bauer who wrote (2785)	9/14/1997 4:28:00 PM
From: Stephen Zodkoy	of 3325

Jason, Yes the 200 and 50 ( and 21) are good supports. The longer the time frame, the stronger the support. If I had the profit in that stock as you have, I might let it go, if it pulled back to the 200, but if it dropped anymore, I'd take my profit. Anything can happen, but more times then not, on a reversal like that, the stock will pull back 50% of the move before it moves up again. Right now, that would be about a $2 pullback. Also a lot of times stocks like that will double bottom, giving the effect of a 'W', before they truely reverse. Good Luck, Steve

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