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Wizetradr

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Wizetradr

Re: stock_observer_77 post# 1633

Thursday, 06/29/2006 10:14:35 PM

Thursday, June 29, 2006 10:14:35 PM

Post# of 2663
Stock Observer,

Good news! VIV closed above the 20 dma on a daily chart today!
Bad news! It usually takes more than one break of the 20dma to start to turn the trend up!

What I am trying to say is, It looks like VIV is trying to form a bottom, but I want to see it close above the 20 dma for at least 3 days straight to confirm a trend change. The 20 dma needs to start flattening out as opposed to pointing down like it is now before I would feel comfortable with a safe trade. Patience can be profitable.

WT

"Everyone has genius in them, you just need to find out what it is" Robert Kiyosaki
http://www.investorshub.com/boards/board.asp?board_id=4809





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