CANSLIM - COAST TO COAST Message Board

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Strategies & Market Trends : CANSLIM - COAST TO COAST

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To: ST Trader who wrote (4450)	3/17/1999 12:13:00 PM
From: Bruce A. Brotnov	Read Replies (2) of 6445

Scott, see the SFP thread where I just answered David, but in summary it may try to bounce of 50 DMA at 28 5/8. It had pretty good support at 29 1/2 then 27 1/2, but I suspect it will close at 29 1/2 or better barring any unforseen news. I think it is just part of the profit taking as it had run up pretty good recently and it could be some trouble, but more than likely it is a buying opportunity. I just don't like to get to eager while the DOW is consolidating. Small stocks look much better today than yesterday, esp with EGAM bounce. Looking for 9860 or 9800 at worst to hold today (while I am out golfing). <G> Playing 12 bridges today which is the sight of LPGA in another week. Bruce

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