MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

0.0%

Nov 14 4:00 PM EST

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To: TWICK who wrote (9656)	4/2/1999 6:36:00 PM
From: StockOperator	Read Replies (3) of 99985

TWICK, NSOL could very well make an impressive move. The beautiful thing about possibly trading in this stock is that prices are resting right at key support. What I like to commonly refer to as a "do or die" position. A break of this support could very well mean lower prices are in store for the company. However, this support could indeed hold. Which means any nimble trader could be buying near this short term bottom. Many of these 2nd tier internet stocks, that I follow, are in very similar situations. NSOL has also closed a GAP in the 111 area from its rise three weeks ago as it attacked 150. So if this support holds, my next upside resistance is around 120. And then of course you'll have to see how it handles that area. Remember to wait for some sort of definitive sign that this upward move is happening - i.e., price and volume. Good luck SO

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