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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Shack who wrote (32531)	2/23/2002 1:24:53 AM
From: Caxton Rhodes	Read Replies (2) \| Respond to of 99280

You have to pick the tops to short and the bottoms to go long or cover. This is not the time to short qcom IMHO, maybe 35, maybe not, watch the candles and volume. If qcom holds here, this bottom is the biggest resitance I've seen on qcom, not 35. Honestly don't I rely that much on resistance lines as the end all. Seen them broken too often. I watch the candles and volume at resistance points and trendlines, and usually give more weight to the candles at those points than the lines themselves. In other words its best to look at the "action" more than the specific price point. It seems to me that the shit happens "close" but not always at the exact lines. Hope my babble makes sense. Caxton