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

To: Ally who wrote (1204)	1/8/2001 12:40:56 AM
From: bobby is sleepless in seattle	Read Replies (4) \| Respond to of 5732

Ally, shutting down for the evening, but i'd like to continue this conversation with GLW, if you don't mind. General trend remains down, we're in the misdst of a potentially very weak earnings season, GLW will have this latest news release scrutinized...and the market will tell us if it was good or bad! GLW will mirror the compx provided fundamentals remain unchanged. I can see it trading above 57 as well as below the neckline on the weekly chart.

To: Ally who wrote (1204)	1/8/2001 11:10:38 AM
From: Ally	Read Replies (1) \| Respond to of 5732

PFE.. Stop loss kicked in at 41.75. Original expectation of a strong bounce from support after 2 heavy days of selling did not materialize. 5 min chart hit resistance when it tried to move above 43 1/4 on Friday, and today. The twice failed test at this ceiling, and the easy breakdown below $42 today would indicate there is still too much supply in the short term. Perhaps institutions are still re-allocating weighting away from defensive stocks. Also, news today about India (and probably other East Asia countries may follow suit) cloning viagra with the blessing of its government didn't help. May their pills be as hard as the real viagra :-)