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

To: Logain Ablar who wrote (40841)	3/12/2004 4:28:44 PM
From: Johnny Canuck	Read Replies (2) \| Respond to of 69633

I not sure I would touch ELX right not. It is officially in a down trend based on the EMA's. It is also significantly below the 200 day EMA. ELX would not be the first stock to see a change in character as a result of a move to the big board. The move to the big board is usually done to reduce the amount of volatility. I don't think it works well for most high tech companies. IMGA before it became IOM comes to mind. 139.142.147.218 Some is definitely wrong with the stock. In comparison EMC is still in an up trend and just bounce off the 200 day EMA. Technically EMC look a lot stronger. 139.142.147.218 Though if the weak demand illustrated by HTCH and SEG are any indication, storage demand is slacking off. If they are not sell huge amounts of new strong they don't need the equipment to network it together either.