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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?


To: James Strauss who wrote (1887)6/5/1998 12:40:00 AM
From: Magnatizer  Read Replies (1) | Respond to of 13094
 
NWSW

looking real good here. Retest of long term downtrend was short and sweet. back up amongst the magnets. Break of 4.75 on good volume sends it toward the 5.625 area.

Personally I sold the other day when 4.50 failed to hold and was expecting more of a retest of the long term downtrend. NWSW had nothing doing with that idea and has rebounded nicely.

Hope someone caught INTAF as I was, uhhhh, eating lunch when the festivities began and then a bit trigger shy to join in on the blow off. It is now overbought and will most likely settle down tomorrow. May try to enter if 3.75 magnet acts as support. then again it may continue toward the 5.50 magnet but it would really be extended then.

ht
david