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Strategies & Market Trends : Charts for Quick CASH $$$

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To: Galirayo who wrote (3670)	9/14/1997 6:06:00 PM
From: HeyRainier	of 9262

[AMTX] Hi Ray, I hope you had a nice weekend. I've actually been watching AMTX closely for the past two weeks because I have also been trading this issue. So much for the objectivity. Currently, AMTX is approaching(or is already at) an important support level, and these multiple Hammer patterns for the last two trading days seem to indicate that a lot of traders want to keep this up. There are conflicting signals though, for it fell out of the wrong end of a descending triangle, and out of its channel, which aren't good signals. And the recent WSJ hasn't been kind to it either, coupling AMTX with overly-hyped issues such as Presstek and Iomega. But to more directly answer your question: I do see weakness(and an exacerbation of it if no strength materializes early this week), but I don't see this moving back to the previous low of 8. Good luck. Regards, Rainier

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