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>I would be a buyer at today's low
>qqq should visit intra day hi of 96-98 in 2-4 buss days
>THEN short to 80
Thanks Ben... almost every technical analyst is looking for the same 2-4 day
rally. Cause for concern as far as I am concerned. I am more interested in
seeing how far down they can take CSCO INTC SUNW.
Pepsi: Breaking out to new high @ $45.25 on heavier trade. Should stick by
the time market closes. Not a textbook CANSLIM since ER and RS of its
industry group don't make the cut. But there's huge institutional interest
today, buying 250k untils on uptick etc.
Word of caution: Recent canslim breakouts have been failing, starting with
hot water pipe HWP soon to be renamed hot air ballon - then the go-go growth
stocks then the steady growers like EMC, C, etc.
Of course, at the best buying moments, the charts look the worst.
Gitanshu
DISC: Long PEP Neutral INTC.
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