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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Marq Spencer who wrote (10274)6/16/1998 11:00:00 AM
From: Chris  Read Replies (1) | Respond to of 42787
 
hi brian,

sorry for the late reply. yes. psft is trading between the 50 day ema and 200 day ema. i would only initiate long position after 50 day ema is broken. 49-50.xxx resistance is pretty strong too.

how did I get $49-50 out of my hat? <g>

you have support bounces on 3/23/98 (estimated dates)
resistance touches (remember broken supports now act as resistance) on 4/30/98, 5/15/98, 6/9/98.

hope you see where i got $50.