CHARTS AND TA, A UNIQUE APPROACH Message Board

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Strategies & Market Trends : CHARTS AND TA, A UNIQUE APPROACH

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To: Magnifique who wrote (1302)	11/24/1997 10:35:00 PM
From: stan s.	Read Replies (1) of 1391

IOM, PFST, NASDAQ........................................ IOM, failed to maintain a break over resistance. Vulnerable to a drop to one of the lower support levels. A number of short term sell signals kicked in today. Still a healthy chart as it trades over it's major MA's. geocities.com PSFT, again not a lot to comment on here.Could trade to a support level of 63 1/2. A couple of short term sell signals but with todays overall action, hard to decide on their importance. Trading above the major MA's...overall still looks fine. geocities.com NASDAQ, failed to break and hold over resistance Friday. Subject to a possible test of support of 1530 or so over the next few days. Still trading above the 200 day MA. Not as ominous as it might seem if it holds there. Bollingers tightening a bit...a basing here would not be a bad thing. Some momentum sell signals here as well. geocities.com

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