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Strategies & Market Trends : Technical Analysis - Beginners

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To: Spots who wrote (8307)	4/20/1998 9:33:00 PM
From: Lee Lichterman III	Read Replies (3) of 12039

Would someone do me a favor and give a look at COO. My charts showed it do a bounce though it was a falling knife. I picked some up Friday at 38 1/2 only to watch it fall today to 35 3/4. This bottoms the thing out. I use stochastic 12, RSI 12 Bollinger 7 deviation 2, 25 day average (useless at this point) and moneyflow 9. These setting work great for my other holdings but are worthless so far on this one. Did anyone else's settings work better at forecasting this latest break through support? Fundamentally the company is great and earnings are rumored to be on track. My TA said to buy but OOOPS !!! Thanks in advance

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