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Technology Stocks : 3DFX
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To: Marc who wrote (10189)1/21/1999 6:18:00 PM
From: Chip Anderson  Read Replies (1) of 16960
 
Just updated the 3Dfx chart on coolhistory.com

We are now bouncing between 12 and 14 (Good call yesterday Chip!) and are right at the 50-day Simple MA. The 200-day MA is now below the resistance level at 16 meaning that the next big milestones are now:

1.) Resistance at 14
2.) Resistance from the 200-day MA
3.) Resistance at 16

Also the 50-day MA (which hasn't provided much support recently) has just started moving lower.

So, technically, IMO things aren't too promising in the short term. Expect a retest of 12 soon (tomorrow?).

Chip
coolhistory.com
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