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To: MechanicalMethod who wrote (59)	4/28/2002 3:47:08 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 1854

MM it was short lived<G>...did fine tho... $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ i wanted to point out here the importance for traders too understand what buyers and sellers are all about...meaning support and resistance areas... last week in my newsletter i talked about CCMP...i felt that "IF" the buyers were taken out of the support area, "THEN" this stock would fall very fast... so when it broke 56 that took out those buyers and they were overrun with traders selling their positions and shorters diving in to the abyss... here;s the chart everyone..and my comment... instantadvisor.com CCMP----HELD A NICE DB AT 57...RS IS POSITIVE NOW...60 1/2 THE BTL---58 1/4 THE SST..WITH ANY BREAK OF 56 KEEPS YOU IN THIS SS...WATCHING FOR A TRADE... so if you do not understand the meaning of S & R..your going to miss large moves in stocks that held these areas before... best regards.. OJ... ps..hope everyone will pop into the real time room on paltalk.com Monday..should be one heck of a day based on the way we closed...it's called Master Class Traders, under Business and Finance category...