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Strategies & Market Trends : Strictly Buy and Sell Set Ups -- Ignore unavailable to you. Want to Upgrade?

To: CommanderCricket who wrote (675)	12/1/2004 6:40:15 PM
From: chowder	Respond to of 13449

>>> Wild day - didn't think the inventory reports were that bearish. <<< They probably weren't. The market needed an excuse to lock in profits and set up another run, in my opinion. With quite a few stocks at support levels, as was discussed yesterday, there didn't seem to be anything to surprise to the upside. I talked about RDC yesterday and how it seemed to be following a moving average chart pattern. If it continues to follow the pattern, it should set up a nice 5 bar reversal at the 200 day moving average. stockcharts.com[h,a]daclyiay[d20040701,20041201][pb50!b200!f][vc60][iut!Lah10,30,5!Lc20]&pref=G dabum