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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?


To: James Strauss who wrote (5241)10/21/1999 10:07:00 PM
From: Jibacoa  Respond to of 13094
 
JIM:

Nice to have you back.

NETM: Nice move today on the news of their purchase of Wall Data.

There is resistance at 2.43 area before we could test the September 13th H at 2.875.

I have a long position on NETM and am looking for the stock to eventually test the March 98 H at 5 1/8.

It certainly has a LONG WAY TO GO if you look at the down-trend coming from the December 95 H at 34.

ELTX: Was able to close above the Oct 8th-11th double top at 4 1/8. It still has to get over the other double top (Aug 27th Sept 1st) at 4 3/8 before it could test the June 21st H at 5.

Last year April H was 10 3/8 and the rally from the Sept 98 L at 3 3/4 was halted with a double top on the 1st and 2nd weeks of November at 8.

Regards and good luck.

Bernard