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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: j g cordes who wrote (39607)	5/29/2003 11:49:59 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69943

I don't know if it is a subconscious need to defend the line at all cost as opposed to the perception that one is getting a deal. In the case of EBAY, a re-test of the break out point at $100 is perceived as a buying opportunity for the next leg up. INTC and ORCL need to close up to confirm their break out of their current ranges. MSFT and CSCO have yet to participate. I don't see the COMPX going higher without them. My intra-day break out scan only produced 7 upside breakouts and 2 downside after two days of a 123 to 20 ratio. The market feels a heavy right now.