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

To: JoeinIowa who wrote (22687)	12/6/2000 6:02:50 PM
From: Ken W	Read Replies (1) \| Respond to of 29382

Joe: QQQ 68 1/8 needed to hold so that the reversal is in tact. Otherwise the lower bottom near 62 or 60 could very well be retested. The 50dMA as well as the 200dMA are lower too overall, so I would say that this downtrend is not out of the way yet. On another note RDRT may have legs. 207.61.23.98 It may have to retest the 10dEMA again as, very short term, it is a bit ahead of itself. A break over 5 on some good volume (Mag forgive me) looks to clear the way up to the 50dMA above 7...let us ask for some good news from the road show. LOL Ken

To: JoeinIowa who wrote (22687)	12/6/2000 8:44:23 PM
From: Magnatizer	Respond to of 29382

Joe Yes we did and I held the long. Hope it does not treat me like GTW did when I held through it's sell signal (It hit 1/8 below the sell level so I held "cuz it was too close") I don't know what the pundits will say causes the naz to rally but I am gonna stick to the technical profile. It told me I had to buy the mid point of yesterday's bar when it was tested. I do not like how quickly we returned to test the mid point which is why I only picked up 1/2 bucket load. I will use the 60 min chart tomorrow to add to the position as dictated by the technicals. If it does not give me an appropriate add level I just have to ride a smaller lot then I wanted. ht Mag