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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Galirayo who wrote (129233)	2/8/2006 2:02:46 PM
From: bcrafty	Read Replies (1) \| Respond to of 209892

Ray, I don't know about MOT yet Since the uptrend line from the April low was broken last week, this week's rise could be only a retest. Stochs and MACD among other indicators confirm that this bounce is due, but looking at the weekly, it looks like the decline could go further (18.00 - 18.50). stockcharts.com[h,a]waclyyay[df][pb10!f][vc60][iLah8,17,9!Lh14,5]&pref=G If you bought over the past few days, I set my stop at at Monday's low of 20.42. If that doesn't hold I'd look to the area of the October low around 19.42 as a potential entry. Also consider FSL which is a relative of MOT; much better looking chart IMO, channeling the last few months. stockcharts.com[h,a]daclyyay[dd][pb10!f][vc60][iLah8,17,9!Lh14,5]&pref=G