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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling -- Ignore unavailable to you. Want to Upgrade?

To: Walk Softly who wrote (3116)6/29/2001 12:09:45 PM
From: Michail Shadkin  Respond to of 6873
 
W.S. - definitely has some of the characteristics, I think 1 more day of nice gains, closer to 39.88. Like 39 or so, just below the yearly high.
Assuming it doesnt slow crawl there

Michail



To: Walk Softly who wrote (3116)6/29/2001 1:17:07 PM
From: velociraptor_  Respond to of 6873
 
Have to agree with Michael...Stock has retreated exactly 62% of the pop from 34 1/4. This is a fibonacci retrace point and the stock could base here for one more move up. A move below 35 1/2 is a deepr retrace and suggests that it may be done. It also forms a beautiful hammer reversal on the daily charts, one of my favorite patterns to trade.


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