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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: fastcats who wrote (33300)	8/30/2000 11:22:47 AM
From: Mark Konrad	Read Replies (2) \| Respond to of 57584

ANSI...no volume! My quick chart read says it's in overbought territory...needs to continue accelerated rise to above 20 or risk losing momentum...there is some support at 18, more between 16-17. If I owned it from lower levels, I'd take some profits now, set sell stops (which could be dangerous with such low volume) just below 18, and be ready to buy back on a break towards 20 or higher. Again, if it doesn't continue the rise, the short term top could be here at 19. As a new buyer, I wouldn't buy it here but would wait for a pullback or a breakout to the upside. Hope that helps! My opinion only--MK--