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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: Eagle who wrote (2600)	11/13/1998 10:42:00 AM
From: LastShadow	Read Replies (4) \| Respond to of 43080

EGGS Well, the present resistance level for EGGS is about 15, both as a local maximum and as the retrenchment level from the rebound after the rocket climb a few months ago. Looking a the chart it broke resistance near close a couple of days ago and has been on a downtrend ever since. So its not really significant as to what the term of position trading it, that can be from a day to a couple of months. The issue is that your statement left no information as to whether you felt that 19 would be met in the near term (since you were responding to Tim Luke's post, who is noted for relatively short term trades, and who post referenced this morning's aciton). So, taken in light of those assessments (who you responded to, what you responded to, the chart itself and the price level you stated) I assumed you had made a typo. Since you aren't a regular here, I didn't know we were to assume a stock you post is to achieve the price you state 'eventually'. lastshadow