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To: Shack who wrote (17958)10/25/2001 12:13:15 AM
From: The Freep  Respond to of 209892
 
Yes, Shack, I knew you had this count, too. I'm just throwing it out again cuz we haven't been taking bigger picture stuff.

I was just poking around in the storage group, as that's always been a fave of mine (made and lost a lot of money there in my happy then sad clown days), and I noticed that EMLX, BRCD, and QLGC are all within a point or two of some pretty tough resistance. BRCD is running up to a gap at 28.4, for instance (a gap over 30 would give it an island reversal, by the way). I betcha the storage group stops tomorrow, helps the down, then on the C up (if this count is right) breaks over all those resistance areas. Brocade, by the way, should be earning something like 2 or 4 cents this quarter. Oh well, at least it's positive.

ECB tomorrow morning could be key. Or not. I dunno. The Beige Book certainly had no impact today. Tres confusing to a Freep like me.

the freep



To: Shack who wrote (17958)10/25/2001 8:27:04 AM
From: AllansAlias  Read Replies (2) | Respond to of 209892
 
If we are right about a 'c' down (or worse [bearish alternate]), this is our last chance today I think.



To: Shack who wrote (17958)10/25/2001 9:11:37 AM
From: Paul Shread  Read Replies (1) | Respond to of 209892
 
>>I'm not sure why you think the entire ABC would be a '4' though. The current DOW rally looks like a larger '4' but not the COMP.<<

Shack, hate to be dense, but I don't quite get this. Where do you have the COMPX? 5 down complete from March 2000? Somewhere in that 5th down? Thanks...