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Technology Stocks : WCOM -- Ignore unavailable to you. Want to Upgrade?


To: FNS who wrote (6529)4/27/2000 4:57:00 PM
From: el paradisio  Read Replies (1) | Respond to of 11568
 
FNS, I've just came back and what's a nice surprise!
WCOM above 45! I agree,at 45 we are breaking bearish resistance and my next target is 50-52.
I think,I was right about resistance 43 1/2-44.
At 43 1/2 you have a top on inverted H&S formation and at 44 you have a 50 MA.Both of them were calling for the resistance in this area.If not a good qtr and Nasdaq rally today(my call from yesterday at close), a 44 would be a top in my view.It's better to be safe than sorry.
My prediction were good so far for WCOM, even in that crashing market,bur frankly I am not an expert in P&F chart.
I am in gaps,SRL,candles, indicators,charts reading and particularly in my own system called dynamic structure of charts pattern and balancing.
Your comments on P&F analysis are welcome here!
Good luck,
el paradisio