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Strategies & Market Trends : NEW Market Gems - Swing and Day Trades -- Ignore unavailable to you. Want to Upgrade?

To: __HD who wrote (287)	5/29/2001 12:51:50 PM
From: Jenna	Read Replies (1) \| Respond to of 1227

RATL looks to have just paused its downtrend. You might expect downside till 23.57 the 20 day moving average. RATL looks to be just in a normal correction from an overbought chart pattern. The overall intermediate term chart looks fine. However, you can't be sure how fierce will be downside on nasdaq in this pre-earnings warnings season. We've been through this 20 times before and we always expect downside in the 3 to 4 weeks prior to the next earnings season. So RATL might not be able to be judged separate and apart from the rest of the tech sector.