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Pastimes : ASK Vendit Off Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: rx4pain who wrote (18958)	2/13/2001 2:39:00 PM
From: Walkingshadow	Respond to of 19374

Rx, I'd agree that technical buy signals are forming. Williams has signaled from extreme oversold territory, Money Flow is positive, 15-5-5 stochastic is signaling now, PROC signal looks imminent, and MACD will likely follow. That said, I'd be hesitant about anything other than a very short term trade in GX. The reason is that GX is in a downtrend, rallied to the 200 day ema and failed. Although the technical situation appears to be strengthening, the last two candles have disturbing shadows on top, and so have a distinctly bearish flavor to them. My guess is that GX may rally a bit more, but any rally will be rather short-lived. askresearch.com There is major overhead chart resistance at 25, where the 200 day ema also resides, providing a second reason for resistance. If GX rallies here, 25 will thus be a critical test. If it successfully clears this area, then GX may be headed for a new uptrending phase. However, I think this less likely, particularly given the fact that it has already failed here once. JMVHO, as always...... WS