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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?


To: Connor26 who wrote (137)12/7/2000 12:37:32 PM
From: Susan G  Read Replies (1) | Respond to of 5732
 
ADBE Money flow is slightly negative...it's on heavy support here but is weak. I got stopped out of my IRA shares I've had for a while at 63 7/8 so that's a good indicator of the bottom I think. I usually get taken out at the bottom! If you don't want to go any lower, I'd put a tight stop in around 63 1/2..

I think buying will come in soon..., I actually may buy more trading shares soon, at 65 if it takes out the 20EMA on a 5M chart.

Re the gems call, they go for very quick shorts many times and then get caught in market reversals, so that does not influence my trading AT ALL.

It's Actually perking up here..and will most likely move up into earnings as all the shorts cover before.

Just my opinion, and you KNOW it's often wrong <g>



To: Connor26 who wrote (137)12/7/2000 12:39:47 PM
From: Susan G  Respond to of 5732
 
ADBE 5M chart very oversold and giving buy signals to me...

MACD and stochastic...also thr ADX is turning up. I have a Buy stop in at 65.