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Re: kate07 post# 702

Wednesday, 12/06/2006 9:54:39 PM

Wednesday, December 06, 2006 9:54:39 PM

Post# of 771
I agree Kate with both of your statements. I keep close track of stocks under $10 and 20% or more forecast growth and I look for breakouts from 1. Going through a resistance line 2.Bouncing off a support line or 3.breaking through moving averages. Back in early Spring very few were breaking out and the ones that did, did not preform as well on average as in Dec, Jan, or Feb.. That served as a warning for the drop in the Nasdaq in May, June, and July. The breakouts are preforming well now, but the number of breakouts is dropping dramatically. It could pick up again, but if it follows like last Spring we may have a month or two left of this rally. Keep in mind that I am the world's foremost authority of MT OPINION, and NOTHING else, LOL. GL Kate and ALL

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