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

To: Techplayer who wrote (10717)	10/31/2002 11:07:56 AM
From: bramble88	Respond to of 57110

COMP: yes. Turns out 1340 area was support in early July before the final plunge. It then provided resistance for the late July AND early September shoulders of the July thru August H&S formation. So it is definitely credible resistance.

To: Techplayer who wrote (10717)	10/31/2002 3:08:50 PM
From: Techplayer	Read Replies (1) \| Respond to of 57110

Check out the timing on this versus a chart... Trader's Special: Tenet Healthcare By James J. Cramer 10/31/2002 14:39 Enough already with the selling of winners. Seven million shares of Tenet Healthcare THC just gets slapped on, and that tells me that we are probably through with the selling. I would take a stab at the stock right here for a trade. Why is it going down? Why is UnitedHealth UNH going down? Why is HCA HCA going down? Simple: Mutual funds have gains that they are locking in. It is a time-honored process, and they sure have the losses to match with them! Could Tenet be running out of steam after a couple of years of massive outperformance? Certainly. Could there be something in the federal government's health care budget that could hurt THC that nobody knows about, a la Healthsouth HRC ? Sure. Which is why I call this one a trade into next Tuesday. It just seems too right. I'd buy it. Right now. I bet you make a couple of points in a couple of days. In this market, with these low commissions, that's worth doing. selectrt.smartmoney.com