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To: Shack who wrote (6216)12/15/2000 1:00:42 PM
From: The Osprey  Respond to of 14101
 
Well FWIW I like the way it is behaving right now.I also suggested yesterday to a friend that there was going to be a cross on this down in the 8.15 range and I was looking pretty stupid for having made that statement.Then low and behold the bid came in and chased it up through to the close in the dying minutes.This fall back or retracement is shaking the tree and won't shake me.I like this too much.I must say the market is being handled very professionally just the same as I watch the trading.Good luck all.

The Osprey



To: Shack who wrote (6216)12/18/2000 2:06:42 AM
From: Joe Krupa  Respond to of 14101
 
By coincidence or not, the 200 DMA seems to relate to the recent price movement.

Almost in textbook fashion, the price hit the 200 DMA at $8.50, pulled back, then took a run through it to $9.00. The price then came back to test the line (now support), and seems to have successfully tested and held above it.

chart.bigcharts.com

Whether one sees a descending triangle, wedge or pennant (I'm still partial to the pennant) formation happening, the pattern still seems to be intact and should hopefully translate into a bullish breakout this week.

Should be an interesting week.

Joe