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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Clint E. who wrote (19917)	2/17/1999 4:20:00 PM
From: shasta23	Respond to of 70145

Clint, well they only brought it back to 2249, but i guess that's close enough. Since i was already in CSCO i kept it at the close since it held above 95. My stop is just a hair lower and i might get stopped out tomorrow but then again we might get a bounce. Who knows? Well, i can see your point now of waiting when an important index is in limboland between two important MA's like the 21EMA and the 50SMA(in the case of NAZ). There is now some support at 2200 but then a gap down to around 2020. And since it's the first test of the 50SMA i think("hope"?!)that it will hold- at least this time.Tomorrow we will see. And BTW that "staying on the sidelines" is something i forget. Thanks for reminding me! Stefan