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Strategies & Market Trends : Paint The Table -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (12350)	1/31/2002 2:09:37 PM
From: J.B.C.	Read Replies (1) \| Respond to of 23786

What are you thinking on the market in general, move down continuing tomorrow? Jim

To: Jorj X Mckie who wrote (12350)	1/31/2002 3:01:33 PM
From: jcky	Read Replies (2) \| Respond to of 23786

Hi Jorj, It would appear EMLX is going to run into some pretty heavy resistance in the 45-48 area. Since this is going to be the first time that EMLX is going to test this area since last May/June, I would suspect that resistance will hold. BUT.... EMLX has looked very strong technically since September (whereas BRCD is running into some trouble now) so do have an appropriate exit strategy if things don't go your way. Unlike BRCM which has a history of pooping out after 50, EMLX is going to be in uncharted territory if the market turns up. Tomorrow will be very telling if the economic numbers are very benign but the market still tanks. Good luck, whichever way you decide.