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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?


To: MskiHntr who wrote (2107)10/23/1998 11:26:00 PM
From: joe  Respond to of 39683
 


Joe,

I think your stop level is very conservative. Only
way we'll get there is if the entire market were to
reverse (which is always a possibility, but slim).

I do think, we will get a big profit taking day or
two soon, similar to what we had on tuesday at the
end of the day.

Monday, though, I think will be a strong day, provided
no major world upheavals over the weekend. Today was a brief profit
taking day, and so it let some of the steam out. Today's
very low volume indicates, that there might be a good
bit of upward momentum left for a while.

regards,
joe



To: MskiHntr who wrote (2107)10/23/1998 11:45:00 PM
From: Caroline  Read Replies (1) | Respond to of 39683
 
Joe, NOVL is looking very good. Good luck.

CB
timely.com



To: MskiHntr who wrote (2107)10/24/1998 12:03:00 PM
From: Ken Adams  Respond to of 39683
 
Joe,

Good chart, that 5 day and 5 minute. I note that a 50% retrace on COMS here would pull it back to the vicinity of a 40d SMA. That SMA is inching higher now. COMS appears to have found solid support just under 25 and should be good for about 5 points above Friday's price (after the correction you and joe mentioned). If it breaks much above 37-38 it looks like 55ish could be next. I'm a watcher on this one next week.

Ken