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Technology Stocks : Global Crossing - GX (formerly GBLX) -- Ignore unavailable to you. Want to Upgrade?


To: Nick Papa who wrote (871)5/13/1999 4:27:00 PM
From: Scott Williams98  Read Replies (3) | Respond to of 15615
 
Couldn't sustain the breakout today...

The NAZ sold off and GBLX followed (along with most other NAZ issues). GBLX closed at the low of the day, $60.00.

If we would have closed above that resistance of $62.50, I would think we have a nice ride to around $80ish. JMHO.

I think we had a pretty good shot at closing above that resistance today if the NAZ hadn't sold off.

Best of luck SCOTT



To: Nick Papa who wrote (871)5/13/1999 4:56:00 PM
From: lazarre  Read Replies (2) | Respond to of 15615
 
<<Please lead this blind child
from the darkness. >>>

..why don't you use one of your inverted candles.............. cascacading down the bumpy side of a descending triangle that's sandwiched in between the upside down head of a dangling monkey who clearly has more sense than to buy into any of that claptrap...with or without a shoulder.

...with all due respect

L

Go gblx.



To: Nick Papa who wrote (871)5/14/1999 11:54:00 AM
From: J Gunn  Read Replies (1) | Respond to of 15615
 
Nick, I posted this on Yahoo Wednesday, I was taught that the pattern target calculation goes like this: (PREV HIGH - PREV LOW)+ Resistance Break-out Point. 23 + 59 = 82. Unfortunately, a fake-out break-out candle-stick was formed. Doesn't mean it won't happen, but with CPI numbers and USW buy-out news, will probably take longer.

T.A. Symmetrical triangle target of $82.
by: jeg48jbg 4543 of 4702
Previous high of 62.625 Previous Low 39.625. Triangle break-out of 59. Symmetrical triangle measurement upper price target 82.00. Resistance level of previous high 62.625. Pattern should be proven today if price does not close below $59.

Good news is holding above $59 as I type. Hopefully, 59 resistance now proven? to be support.
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Posted: 05/12/99, 2:29PM EDT