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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (28720)	6/18/2002 12:21:30 AM
From: Ken W	Read Replies (1) \| Respond to of 29382

Sergio The IL notwithstanding I'd be following fairly close with my stop losses. There is that little gap to fill at 26 which could spark the top players to exit. I think the stock could do just under 30 based on the daily chart, but the weekly and monthly are approaching RSI 100 as well as STOCH's 100...these, of course, could stay in the overbought area for quite a while, but with the daily coming into the same area I'd be careful. Once the top is made and if 26 does not hold then 19 is very strong support on a heavy pull back. I always get nervous on any stock that is making all time highs anyway. LOL Ken