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

To: Zeev Hed who wrote (40450)	3/13/2002 12:40:22 PM
From: Sully-	Respond to of 99280

12:38 ET Emulex Intraday (EMLX) 32.02 +0.37: -- Technical -- Stock has edged towards its best levels of the session and appears to be pulling out of a cup and handle formation on the 10-minute bars. Note that yesterday EMLX survived a test of its 200-day simple moving average at 30.30. From current levels, look for initial resistance at 32.50 followed by subsequent overhead at 33.00. We would become more cautious on the very near-term outlook if it were to break below intraday support at 32.50/32.65.