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To: Olu Emuleomo who wrote (114865)1/9/2001 1:39:18 PM
From: GST  Read Replies (1) | Respond to of 164684
 
Olu: Thought for the day -- if there is no crisis in the financial system, and if this is a garden variety recession focused on the manufacturing sector (and of course follow the technology valuation bubble bursting), then the actions of the Fed should be effective and stock prices should stabilize. Stocks with significant downside will be those where there is still false hope and excessive valuation -- but these will get fewer and farther between.



To: Olu Emuleomo who wrote (114865)1/9/2001 10:53:45 PM
From: Mark Fowler  Read Replies (2) | Respond to of 164684
 
EMC will flash a SELL signal if it closes under 59. Next stop will be 45-50.
Yes??<

H&S measurement was made on 1/3...Bullish reversal bottom!
the pattern has to tighten up a bit... Resistance areas: Once thru 69 then 75... 50 MAs are key to any breakouts and watch the volume going thru there! Good luck Olu... I'm beholding Emc.


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