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Technology Stocks : Gemstar Intl (GMST) -- Ignore unavailable to you. Want to Upgrade?

To: Exacctnt who wrote (2359)	3/16/2000 5:29:00 PM
From: RocketMan	Read Replies (2) \| Respond to of 6516

Well, to take the MMs side, it appears that they try to keep the price close to the 10dma. Whenever it goes much above that, they bring it right down to the 10dma or a little below, but it never goes below the 50dma. So in a way this is good, it keeps for an orderly market. What this tells me, though, is that this stock really wants to run, and it is being kept at artificially low levels. I suppose this is better than if it did a cree, got way ahead of itself, and came crashing down. Here is a TA chart and you can see it surfing the 10dma. askresearch.com You can also see the compression of the bollinger bands, like a wound spring, that led to the recent breakout. The macd looks like it is a couple of days away from another crossing, thought the stochastics are still turning down. I would expect another run sometime next week unless the market does something ugly. Hopefully I will have my rocket e-book by then.