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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: Jeffrey S. Lillie who wrote (20239)	12/16/2002 11:47:03 AM
From: Softechie	Respond to of 30712

LOL! Barfing.com has to get CRISCO moving...LOL! CSCO Cisco Systems hits session's best levels (13.58 +0.18) -- Technical -- From current levels, look for initial resistance at 13.75 to 13.80 followed by additional overhead at its 200-day simple moving avg of 13.93. The favorable intraday tone would be placed in question on a failure to hold very near-term support at 13.45.

To: Jeffrey S. Lillie who wrote (20239)	12/16/2002 12:26:51 PM
From: ajtj99	Read Replies (1) \| Respond to of 30712

Jeff, I don't really know. I looked at this last night, and all the short term indicators were buried, indicating we should bounce. Only the 10-minute was turning down, pointing to a 9:38AM turn, which it seems we got. I'm busy right now, so I was not in the mood to deal with potential whipsaws. I'm just going to short the top if it gets to the range we're looking for. I'm still long from NDX 1053 in UOPIX, looking to exit on this ramp. Last night I looked at the McClellan's, and it appeared they had double bottomed. That pointed also to a bounce today. There should be one rise up, then another correction, then a 3 or 5-wave drop according to what I saw on that indicator. I don't know how long all of this will take, but we've got turns in the end of this month that might fit nicely.