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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?


To: Alski who wrote (25067)1/6/1999 11:33:00 AM
From: charles@nagshead  Respond to of 79281
 
Alski,
An email (mass I presume) that I received on NOVL just this morning. Ah, the power of the internet! Take it for what it's worth...

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'kensey' has recommended NOVL (Long)

'kensey' said:

Novell appears on the verge of digesting the high volume blast of late
November. Yet things seem to be going snail - what more could a stock want and
why hasn't it performed better since?

Nevertheless, Novell was more than a double for 1998. So 40 by the year 2000
(Y2K) seems according to trend and according to plan.

Right?

Somewhere between the dirge of yin and the siren song of yang, the
Novell rhythm clock suggests a quick run-up to 20 and price graph (1-2-3)
attainment of 24 within two months. MACD has digested the fade from said high
volume blast quite well such that (it seems) one can trade (in this case) on the
birth of green. The pendulum really does appear to be swinging just so.

The base cupping of mid December at 17 should not _not_ be violated.
This would suggest a scenario similar to mid-July where the cross of the MACD
lines above the centerline after the digestion of month-long (June) gains lead
to a very prolonged base. While I went into Disney with January goggles, I am
currently not very happy about that. So,
this one gets cut a lot sooner (if not by me, than certainly by you).

kensey

See the annotated graph of this recommendation at:

clearstation.com

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