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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Galirayo who wrote (21506)	10/21/2000 4:07:01 PM
From: Ken W	Read Replies (1) \| Respond to of 29382

Ray: RSH: Tower bottom. Absolutely use the chart as an example. Anything to teach others how this stuff works. The thing that I liked about the down day was that it was on less than normal volume on the stock already being oversold. TA wise I take that as a sign that most have already sold their position at a higher price and few are willing to sell at this lower price. That being said, seldom do you see a stock going down just before an earnings announcement when estimates have been upgraded rather than "warned" ahead of time. The recent market total "herd" moves have me convinced that one should go against the herd. Remember they were ringing the death toll for MSFT on Mon. when it broke 50. Obviously someone was buying at 50 and 52 on Tues. Want to bet they were selling on Fri. at 66? Ken