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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?


To: 2MAR$ who wrote (77267)2/20/2000 8:04:00 AM
From: stan s.  Read Replies (1) | Respond to of 108040
 
SYMX, float of 4 mill, looks like it's headed for a possible all time break out of the low 26's. For those interested in charts this is a pretty good example of a stock being forced into the corner of a symmetrical triangle (similar to ascending) on declining volume and then blowing skyward on a massive volume surge....just like it's supposed to. Last week marked the weekly volume high.

These patterns need to be preceded by uptrends (generally speaking) to be positive.

You can see the wide loops from early December tightening progressively till Friday forced it's move.

Doesn't mean it can't or won't retrace but this move can be very positive in the medium term.

Should be interesting with the Naz needing a short term correction.

Nice mention...by whomever...



To: 2MAR$ who wrote (77267)2/20/2000 9:21:00 AM
From: StocksDATsoar  Respond to of 108040
 
Message 12923747