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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: BreakOut who wrote (9707)	3/4/1999 12:33:00 AM
From: Richard Estes	Read Replies (2) \| Respond to of 12039

"Deja Vu all over again. This is a hell of a price for the long term. They need to give up on networking and focus on their Palm Pilot monopoly. Sorry for anyone suffering. This stock is always a hell of a ride. Anyone speculate on a bottom here? They have been here four times in the past year. There is a danger if they break this price support of going to the teens. Buying at 24 is all little guys and selling is all big guys. MLCO, BEST and GSCO all selling." "I venture guess that 23 1/2 is a bottom the big guys are buying at this price. Very strong historical support at this price." "Real scary, still hard to call. The grenades are being thrown too fast to tell. The stk takes days to bottom historically and it could be vulnerable to a break of 23 on TECH weakness." "The next two or three days will tell the story I am not a buyer yet." "This is the highest volume for this stk ever and that spells trouble I agree Lebo. But it is interesting to watch. Still need to see the next few days to say where are we going?" "My recommendation is " A Balls to the Wall buy". I called 23 1/2 as a bottom but that remains to be seen in the next three days. Tech strength may yet stabilize this ride" ==================================================================== As you can see from the above those stock topics really breath life into the stocks. Everyone has an opinion, some have even read a few books.If you follow COMS, put a horiz line at 2, 4, 6, 8, 11, 15, 19, 23,28, 34, 40, 46, 53, 61, 69, 77 ; Gann cardinal numbers. See any support and resistance levels around these numbers? Remember you could have put these lines on a chart years ago, would they have helped? Then put them on all charts