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Strategies & Market Trends : Tech Stock Options

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To: FJV who wrote (41588)	4/27/1998 8:34:00 PM
From: Broken_Clock	Read Replies (1) of 58727

FJV...another viewpoint on xcit...http://www.iqc.com/chart/default.asp?period=120&time=day&chart=candle&chart1=ma&volume=y&rsi=y&stochastics=y&momentum=y&symbol=xcit It has formed a "doji star" I believe. With upward movement tomorrow this would be a powerful reversal candlestick pattern, especially if xcit opens higher than todays intraday high. It is also sitting on the uptrend support line. lastly, if the market starts to move up tomorrow, internets may fly again as AMZN released a slew of news tonight which internet junkies consider bullish. just some thoughts.... EDIT: Taking another look at xcit chart...I count 6 bottoms on the uptrend support line. That's a very strong line IMO. If it breaks down then it could freefall into uncharted territory...if it bounces the net will fly again....

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