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To: Poet who wrote (3767)7/22/2000 2:07:40 AM
From: mtnlady  Respond to of 10934
 
I get my re-entry and sell points by running moving averages. NTAP's 21 day moving average is approx. 83-85 right now (of course this will probably raise to 90 in 2-3 weeks). It's 40 day moving average is currently about 79-80. I have found that, if I am patient I can pick up NTAP at the 21 day moving average about once every 1-2 months (9x+ out of the last 12 months NTAP has fallen at or below it's 21 day moving average). If I am REALLY patient I can snag NTAP at it's 40 day moving average (or lower). This has occurred 8x out of the last 12 months. Now granted that there have been periods of great bull runs where NTAP only touched it's 21 day moving average once in 3 months but for the most part once every 1-2 months you get your buying opportunities. NTAP also surges past (above) it's 40 day moving further than any of the other stocks I follow.

My guess is that within the next 2-6 weeks we will see NTAP back at, or below, it's 21 day - perhaps even 40 day - moving average. Of course by then these averages may have moved up the scale into the high 80's and low 90's! Time will tell. I still think we are going to get rocked in the market (to the down side) one more time before the summer warmth leaves us... All's I know is that NTAP is a good 30-35% above it's 40 day moving average right now. NTAP has done better than this in the past however with the market being what it is in my mind it's time to sell, not buy, right now. Only my opinion of course and I'll be the first to tell you I've been wrong more times than I've been right! And selling and buying a bit 'too early' seems to be my comfort zone (too bad I didn't do it a few months ago! Ouch!).