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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: TWICK who wrote (9656)	4/2/1999 4:56:00 PM
From: j.o.	Read Replies (3) \| Respond to of 99985

NSOL - Why do you feel it's poised for a bullish move? It looks to me like it has failed to break to the upside and has just yesterday dropped down out of a brief consolidation. I would watch the 100 level for support, but I think that we will test that again before any upside progress gets made. Plus, heavy volume on the drop from the new highs...does not make me feel bullish there. j.o.

To: TWICK who wrote (9656)	4/2/1999 6:36:00 PM
From: StockOperator	Read Replies (3) \| Respond to of 99985

TWICK, NSOL could very well make an impressive move. The beautiful thing about possibly trading in this stock is that prices are resting right at key support. What I like to commonly refer to as a "do or die" position. A break of this support could very well mean lower prices are in store for the company. However, this support could indeed hold. Which means any nimble trader could be buying near this short term bottom. Many of these 2nd tier internet stocks, that I follow, are in very similar situations. NSOL has also closed a GAP in the 111 area from its rise three weeks ago as it attacked 150. So if this support holds, my next upside resistance is around 120. And then of course you'll have to see how it handles that area. Remember to wait for some sort of definitive sign that this upward move is happening - i.e., price and volume. Good luck SO