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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Probart who wrote (27715)	8/24/2000 12:23:31 AM
From: Return to Sender	Respond to of 68389

Keep in mind that no one is always right. It's just that from a technical standpoint I only watch for two things; entry points and exit points. First I look for oversold stocks to buy. Second I sell a stock when a stock becomes overbought usually when everyone seems to love it. I use a very simple system based on Relative Strength and Bollinger Bands. Personally I would not be a buyer of JNIC unless it drops to the low 50's but who really knows about these things? The long term trend is up but the stock seems to have broken back to the 30 day moving average a couple of times before this so.... Right now I'm looking at ADTN a stock that is much more oversold. Looks like all the analysts say they love it but the stock has sold off on the CEO's "treatable" throat cancer. The company is firing on all cylinder's so far and I think it's pretty close to finding a bottom as far as the stock goes. The trend is still down but the ugly has to stop some time soon for ADTN: finance.yahoo.com RTS