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IAMSAM

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IAMSAM

Re: cmf post# 69

Wednesday, 03/24/2004 9:33:03 AM

Wednesday, March 24, 2004 9:33:03 AM

Post# of 232
Yes, and I did nibble a few K yesterday.

http://stockcharts.com/def/servlet/SC.web?c=SFLK,uu[w,a]daclyiay[dc][pb50!d50,2!f][vc60][iut!Lh10,3!...

Recent high = 4.77; Recent close = 2.56. 2.21 move.

Assuming SFLK consolidates at this level.

Some fib'n thoughts:

38% retrace = .83 + 2.56 = 3.39 (X .60 = 2.03 SSPX)

50% retrace = 1.10 + 2.56 = 3.66 (X .60 = 2.19 SSPX)

62% retrace = 1.37 + 2.56 = 3.93 (X .60 = 2.35)

Security is the right sector. SSPX being "Made In America" was and is a strong point for consideration. Learning more about SFLK (thanks to Jas for initial info).

All bets off if market meltdown. Yikes!

Regards -- SAM


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