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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 (33368)	7/17/2001 3:19:14 PM
From: Return to Sender	Respond to of 70989

Did I say good short term trade? I meant very good. I've been following Keith's research and he knows what he is talking about in my opinion. NVLS is over 48 now. I tend to buy in lots of 1000 shares. I do not play options. Looking at NVLS last night I could see the stock had violated the lower Bollinger Band with an RSI near 6 month lows. It was ready to bounce if the SOX would too. The SOX is one of the hottest sector indexes now. Yes it would have been a great trade today, as would AMAT for instance at 40. Nearly a 10% gain in a day is nothing to sneeze at: finance.yahoo.com^SOXX&d=t If INTC reports good numbers with some future positive guidance then we go higher before we fall back. If not and I think it is likely that INTC reports no change in guidance then we will be back to falling again soon.