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george8

12/07/04 9:45 PM

#331592 RE: hk2 #331588

NOVN: From weekly chart. This is what I read: During the tax loss selling climax (in progress as we speak), if NOVN closes below $15.26 on a daily basis, or if it trades below $14.8 at any time, it most likely will trade down to $13-$13.5 quickly .

So, I'd watch for volume reversal bottom, or double bottom, or $13. (I'd double at $10-$11)