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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: lee kramer who wrote (44183)	6/11/1999 12:15:00 PM
From: briskit	Read Replies (1) \| Respond to of 120523

Lee, what stands out to you about the weekly? All the EMAs are still trending up. The downtrend (resistance) line on a weekly is so steep I can't tell if this week shows it slightly breaking that trendline (it's almost 90 degrees!). I think it is too early to say that here, anyway. If anything I might argue that support shows up around 60. I really don't like the direction of the stochastics, MACD cross over, or MACD histogram. To me they are yelling "Fire!." (But that's why I'm #1 in the class today!). Talk to me, buddy. MD PS, back to the daily chart, It is below longer term support drawn through Dec 14 and Feb 10. The new support line goes through the low of June 6, but it is a capitulation after losing the old support.