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Technology Stocks : Data Race (NASDAQ: RACE) NEWS! 2 voice/data/fax: ONE LINE! -- Ignore unavailable to you. Want to Upgrade?


To: MadMax who wrote (31282)3/6/1999 4:26:00 PM
From: MadMax  Respond to of 33268
 
Yes, RACE fans, the bear has been challenged but may be in hibernation till next Christmas!!!



To: MadMax who wrote (31282)3/7/1999 3:45:00 PM
From: Mama Bear  Respond to of 33268
 
Max, what, in your world 'net servers never go down?

I still see minor support at 4, and 3 below that. MACD is negative, and confirms the downtrend. Slow stochastic indicates an oversold condition, so a bounce from this level is likely. Minor resistance at just over 5 (10 day ema), and firm resistance at 6. 50 day EMA is ready to cross under the 200 day EMA. that's not a good sign. Stock has been consistently trading under it's 10 day EMA since the end of January. I see a likelihood of a bounce, possibly to the mid 5's followed by further selling pressure. Of course my TA service is somewhat deficient as it does not have a JL indicator, so all bets are off if the boiler room gets cranked up again.

Barb