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

To: StockOperator who wrote (9679)	4/2/1999 11:23:00 PM
From: Jack Luo	Read Replies (1) \| Respond to of 99985

StockOperator, If you pull out the NSOL chart at DP site and draw a base trendline from last OCT low and Feb/Mar low. It looks to me that its Thursday close price is already below its major upper trend line by a very small amount. However, I wouldn't call it breaking the support line because of its small amount and relatively low volume. 100 is a weak support. Given the recent negative news on NSOL, other market concerns, and risk/reward ratio, I think that smart money would leave troubled stocks. Nevertheless, it could move up some next week due to a not-to-bad March Job News. Regards, Jack

To: StockOperator who wrote (9679)	4/3/1999 12:10:00 AM
From: g_m10	Read Replies (1) \| Respond to of 99985

The smart money are pros at sending the wrong signals. SO, Can they do it to any company or up to a certain size only? I'm asking because the company that I am watching, CKFR, has recently gone up on unusually small volume. Charts look like breakeout is near. On Wednesday someone, who's never commented on the company before, issued a strong buy. Price ran up +$3 in the morning and following selloff brought it below opening in the afternoon. Don't want to miss a runup and looks too fishy to put more money. Could you comment on it? TIA