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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: j g cordes who wrote (33284)7/6/2001 11:33:49 AM
From: j g cordes  Read Replies (1) | Respond to of 69852
 
Its unusual to see companies of EMC's and AMD's or even BRCD's stature included in the most % -age loss for the day. EMC down - 25%, not typical action for a 50 billion market cap company.



To: j g cordes who wrote (33284)7/6/2001 11:37:28 AM
From: j g cordes  Read Replies (1) | Respond to of 69852
 
Modest tick.. very neg trin (120/2.45). Retail shopping, institutional panic.. poor market blood pressure reading.



To: j g cordes who wrote (33284)7/6/2001 12:10:42 PM
From: j g cordes  Respond to of 69852
 
As I suggested, IBM would approach its 200 day moa at 105.125, it gone as low as 105.81 today. Despite the 200 day often being a substantial support, its not for IBM and not a place to go long for anything more than a point or two.


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