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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: SMALL FRY who wrote (30960)4/5/1999 12:22:00 PM
From: Ms. X  Read Replies (1) of 120523
 
NSOL: PnF perspective.

Broke a bearish triangle at 102 which is bearish. As the bullish triangle is good for trades to the upside, bearish triangles are so for trades to the downside. RS is in O's, meaning it is under performing the market. Just reversed to O's.
Had excellent support at 100 which it broke today, a spread triple bottom. This is also very bearish. Next support level is at 80.

If bottom fishing, make sure it is the bottom. Wait for a reversal up from the low pole and then you have a close stop - otherwise, this may run away from you and not in a good way.
Bullish Support line at 80. May bounce up from there.

Stock is very negative.

Jan I am
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