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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: Bill Harmond who wrote (9399)	10/29/2001 3:43:44 AM
From: Mark Fowler	Read Replies (1) \| Respond to of 57684

Technically, Vrsn likely to fill that gap(31/33) now left hanging around since April. She could spike down to 29 or so now. Most Major indices and tech indices broke above their resistance levels on Friday The breakout attempt did lack momentum and lack of momentum is often a precursor to profit taking and possibly a trend reversal. If momentum does not pick up here, this could be the spot where we start a profit taking pullback and start consolidation of this recent uptrend that began on 10/4. However not ruling out a move to 200dma first then the pullback comes. The VIX is nearing the 20's again, the put/call ratio is at .53 and more and more of the second and third tier are starting to pop up and out of pattern which often means we are nearing a reversal point.