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Strategies & Market Trends : CHARTS AND TA, A UNIQUE APPROACH -- Ignore unavailable to you. Want to Upgrade?


To: stan s. who wrote (1241)11/18/1997 9:13:00 AM
From: STYK  Read Replies (1) | Respond to of 1391
 
Notice how the 20 day MA has been support for ABDR. A 2-5 day correction down to the rising 20 dMA would be a decent entry point. I start looking for weakness when the price is 50% above the 50dMA.

A stock in the same group as ABDR is XETA, near high, broke out of 20 day Bol. Band. on decent volume. 50 dayMA was support during market correction, not as extended as ABDR. The group has a few very strong stocks.

Regards,
STYK