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There seems to be some revival of the magnetic pull of whole round numbers
like 50, 75, 100, 200, 250, 300 and so on.
SDLI, GLW, NOK, EMC are four that come to mind. All had lifetime highs in
the vicinity of big magnet numbers. Each was settling into nice
consolidations right below the big round numbers - and then exploding up
(intraday).
Others that may do the magnetic pull look like:
ORCL. SUNW to par
NT to 75, consolidate there, then head for par.
INTC to 150 once it clears 140-145 zone.
TXN seems to be on its way to par.
PEP to 60 once it clears 45.
DIS to xx once it clears current tight consolidation right on top of a long
term cup.
NOK popped thru 60. (by the way, I was stopped and reversed @ 60).
EMC broke the dam at 75 and now seems fanatical about 100.
SDLI has taken out 300. Looks like some analyst will bull it to 500 just
like they bulled QCOM.
Glowworm (GLW) has taken out 250. Looks like 300 should be a hop skip and
upgrade away.
Gitanshu
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