Working All Day, But Trading Behind the Bosses Back Thread Message Board

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Strategies & Market Trends : Working All Day, But Trading Behind the Bosses Back Thread

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To: Mark[ox5] who wrote (34)	1/22/1999 2:08:00 AM
From: Mark[ox5]	Read Replies (1) of 779

Charts, positioning -- Did some quick charts, looking at 5 day, 20 day, 50 day moving averages. Results: Right now the best charts are LCOS, DCLK, MFNX All are basically the same chart, strong, bouncing off 5 day support levels and going up. Support level at 5 day is: LCOS = $107 DCLK = $89 MFNX = $46 If you want these stocks to trade or buy you try to buy roughly at those levels (or 1-3% above) ------------- AMZN and YHOO have similar charts, both trading now between the 50 and 20 day lines. So now 20 day has become resistance for both of them, and 50 day support. Trade in between the two. YHOO Support = $240 Resistance = $290 AMZN Support = $95 Resistance = $122 --------- CMGI is sort of more hard to call Bounced off 20 day at $83 Resistance levels at 5 day roughly at $99, but this one is easily broken. Good luck, Mark

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