The Thread Formerly Known as No Rest For The Wicked Message Board

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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: Glenn who wrote (2904)	12/11/1998 8:58:00 AM
From: CynicalTruth	Read Replies (2) of 90042

Glenn... I'm no expert so take my opinion with a grain of sand.... On XYLN: 12-7 & 12-8 it bounced off the bottom of it's 200MA as well as some long term (LT) resistance. Connecting the lows of 10-14 & 12-1 with a trend line we see that yesterdays close was just under that line. If XYLN can get back over that with a close of 19.5+ then all should be well. If not I would look for the price to do a bounce off the 50MA which is at about 16.5. There is also some LT support @ around the 16 level. I can't say that it will hold do to the overall market influence which IMO doesn't look good short term..... Not what you'd like to hear I'm sure <s>... but I call it like I see it... John

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