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Strategies & Market Trends : Moufassa's Lair -- Ignore unavailable to you. Want to Upgrade?

To: moufassa7 who wrote (6243)	3/27/2002 2:01:12 PM
From: Mark Konrad	Read Replies (1) \| Respond to of 13660

I have. I've also noticed a number of low-volume consolidations and descending wedge formations on many daily charts. This leads me to expect significant breakouts (a la PALM) and/or breakdowns on heavier volume next week. Current prices reflect accounting suspicions, mid-east violence, etc., and additional downward pressure is being absorbed little by little this week (a good time to stand aside or gradually add longs). After being stopped out of many positions on Friday afternoon and Monday, I am again adding longs with the expectation of a tech rally beginning next week. That, along with the excavation of many tons of dirt, concrete, and stone from my front yard, has kept me occupied. Have a wonderful Holy Week and a Happy Easter, everyone! All imo--MK--