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Strategies & Market Trends : Making Money is Main Objective -- Ignore unavailable to you. Want to Upgrade?

To: Softechie who wrote (1677)	10/30/2001 2:04:28 AM
From: Softechie	Read Replies (1) \| Respond to of 2155

EMLX TECHNICAL CHARTS (PAGE 3) from Yahoo by: prudentinvesting101 (28/M/Raleigh, nc) 10/29/01 09:59 pm Msg: 50863 of 50875 Daily EMLX stockcharts.com[m,a]daclyymy[pb50!b200!b100! b5!b10!b15!b20][vc60][iUb14!La12,26,9!Lk14!Lp14,3,3] – This chart is where the rubber meets the road because it gives us a snapshot of the recent 6 months activity in the stock. This chart reflects more current economic conditions, conditions that have deteriorated dramatically in recent months. The tragedy of September 11th only made the economic issues more apparent and may have hurt the economy more, as layoffs in the leisure/travel industry abounded, consumer sentiment plummeted in September and the overall economy slowed significantly during the week following September 11th. Automobile and home sales also slowed in September. I will acknowledge that the Fed has been aggressive in cutting interest rates and that there might be a potential stimulus plan on the way to combat these forces. Once again, we are looking for patterns of increase (accumulation) and distribution. This is basically the higher highs and lower lows argument, just on a daily basis. EMLX had one hell of a run! Looking at the chart, the stock moved from a low of $8.40 in September to over $27.09 today at its peak. This is a 223% return in a approximately ONE MONTH! Wouldn’t we all have wanted to ride it from the bottom to top? I sure would have (without feeling the pain on the way down!) (continued)