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Sunday, 01/02/2005 9:29:03 AM

Sunday, January 02, 2005 9:29:03 AM

Post# of 173790
OT Len RE: P & F charts.
Remember when the P & F chart predicted a price of $38 For DCAI? Well, DCAI hit $30 on Friday. I think that it closed around $25 after the daytraders were running for the exit in the last 1/2 hour of trading. (The last 1/2 hour of trading on Friday in many stocks reminded me of walking into a Kansas barn full of corn at night a turning on the light and watching the mice running to hide). Well DCAI has made the top 100 in tomorrows IBD at #10. This will no doubt spark renewed buying and the $38 price target will no doubt be met by the close tomorrow. The reason that P & F works is not that it is a magical line on a chart. It works because the traders make it work. BTW, the price target on DCAI has now been revised to $61.50.
http://stockcharts.com/def/servlet/SC.pnf?c=DCAI,P&listNum=

I'm still hoping that MDKI tags along for the ride. I had sold MDKI on Dec 20th for a nice profit, but bought some back last week.

PS Other "value" stocks with nice P & F charts are: SWTX, AHOM, CAP, SIM, MANC, GBR, ARTW, ASY, and of course CPTC but it is not now a "value" stock.

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