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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude
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To: E Newman who wrote (26199)2/15/1999 11:30:00 AM
From: Doug R  Read Replies (1) of 79298
 
E,

I wish I could combine responses to the last 200 or so posts but re BRKT I'll start with just 2.

"Nice day for BRKT, are we getting closer?"

Considering the following, 2/3 was not a good time to be buying much of anything:

To: +charles@nagshead (26158 )
From: +Doug R Tuesday, Feb 2 1999 11:22PM ET
Reply #26161 of 26398

Charlie,

DELL's chart is a typical blow-off top here. That could be trouble for the Naz.

At one of the roundtable sessions we figured the first support for DELL was around 91 1/2. Since that didn't hold, the low 80's is next. Some stocks jumped anyway but trying to pick the ones that would was not a high probability proposition so buying BRKT at the time should have been postponed. We'll see what kind of work it puts in this week. There's a bunch of stocks in the same position so this will be a good week to do some serious stalking.

Doug R

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