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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Eva who wrote (4761)10/4/2002 10:09:46 AM
From: Jorj X Mckie  Respond to of 57110
 
I just reshorted at 15.00 If we rally to the closing price from yesterday, that would be a good place to start looking.

I am seeing bear flags forming on the naz, mrvl, nvls...maybe we get that ramp job that brings us up to the closing price from yesterday, but it doesn't feel like it.



To: Eva who wrote (4761)10/4/2002 10:54:35 AM
From: Jorj X Mckie  Read Replies (2) | Respond to of 57110
 
EVA, my revised answer is 15.45 would be my ideal reshort price for MRVL.

whenever it breaks down hard, they walk it back up to a downtrend resistance line where it then resumes its fall. When you see a spike down, look for the first white bar and that is the place to cover.

That being said, it will probably break down right here at 15.25.


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