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Microcap & Penny Stocks : Bid.com International (BIDS)

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To: Crazy Canuck who wrote (9540)2/12/1999 6:34:00 PM
From: Ruyi  Read Replies (2) of 37507
 
On the daily charts, the NASDAQ's nine-day exponential moving average line crossed the 18-day exponential moving average and threatens to cross the 27-day exponential moving average. This last occurred in early October, during the previous market slide. Lackluster volume has been bothering traders because market bottoms are made during high-trading days. This has yet to occur, suggesting the tech-stock correction has not ended. The primary support level stands at 2273. The key resistance level is 2448. A weekly close below the primary support level might create a further panic in the tech stock sector. A weekly close above 2448 would rejuvenate the NASDAQ and set in motion a rally for a historic high.
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