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Technology Stocks : Broadcom (BRCM) -- Ignore unavailable to you. Want to Upgrade?

To: Big Idea who wrote (2545)	8/26/1999 9:15:00 AM
From: Patsy Collins	Read Replies (1) \| Respond to of 6531

The technical projections were based on fibonacci numbers. The last primary move in BRCM took the stock from 101.5 to 149.5. A 23.6% retracement from the top takes the stock to 138.17, hence 138.125. And a 38.2% retracement takes the stock to 138.17 (138.125). Since we're below those prices, they serve as resistance points. Remember that 149.5 (old high) is also a resistance point. The 179.125 is a 161.8% of the last primary move from 101.5 to 149.5.