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Strategies & Market Trends : Three Amigos Stock Thread

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To: Sergio H who wrote (7856)	8/19/1998 12:33:00 AM
From: Amigo Mike	Read Replies (1) of 29382

Amigo, ANLT at trendline support. Had NOT broken downtrend starting in March. Indicators still point lower ..... however today MAY have signalled a reversal. Caution is necessary as volume was lower and has been going lower recently. Need volume and strong upside to really get this one going. Incidentally it looks like ANLT needs to break ~ $30 on volume to break the trend. THNK at trendline support also. Technicals are a bit stronger here. Volume again is declining. A bounce to $27 possible if market remains strong. Not convinced as yet. NEED SOME VOLUME. It is also in a very short term descending triangle..... needs to break out from that first. SAVLY ... ouch !!!! Volume up the last two days. Indicators WAY oversold but not show upside life as yet. Severe downtrend ... this one will require some solid volume days to break. May have started already ..... will watch. All three have some work to do .... volume is definitely needed to get these going. I am still wary of the market at this time. Amigo Mike

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