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

To: Mike Farrar who wrote (20677)	5/2/1999 11:45:00 AM
From: TraderXx	Respond to of 68070

Mike, Just from a quick glance: AOL: Seems to have made a downward half ways retracement after the recent run-up, but on medium volume. Look for a return upwards towards the low 160's, if it breaks out of this resistance..look out. All the techs made a huge run up on friday EOD. Expect gap ups on Monday. IMO SLVN: Technically looks like resistance is around the 29 area. Has reached the half way retracement point after the run up and the volume wasn't too strong.With the way things are looking for Monday wouldn't surprise me if SLVN made a short revival.But for me no strong signals either way. (Lots of shorts there) A good book to read is "Introduction to Technical Analysis" by Martin Pring. Its really easy to understand and has a CD-ROM with it to guide you through everything. Its very good. IMO