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All,
Wow, what a week! If we can get several more like that, we can all get
rich <G>. The NASD OTC index definitely broke out and is now in a short term
up trend. Ditto for almost all the other indices I follow. With the ASND and
CSCO positions I added this week, I'm fully invested again and enjoying every
minute of it. I'm now long ASND, BSC, COMS, CSCO, IOM, JAWWX, and OH stock
and have LEAPS on MU and BBY. I'm hoping for a little more up market before
we have to worry about protecting our gains.
Since I'm fully invested, I don't have room for anything else, but I do
like Kulicke and Sofa (KLIC) if I do decide to replace some thing.
KLIC at 29.375 is in the middle of a Short Term Up Trend Channel (STUTC)
with the top at 33 and the bottom at 25.25. More importantly it approached
the triple top at 30 Friday and then inched back a little. This triple top
formation stretches back to mid January. I really like the looks of this one
if it can break that triple top and I think it will. Breaking through the
triple top will also give a Trader Vic type Intermediate Term Up Trend
Continues signal and the Intermediate Term Up Trend can be redrawn through the
March low. I got a MetaStock Triple Moving Average system test buy signal a
week ago Friday. S/C is positive and rising. I'd buy this one on a close
above 30 if I had any free funds.
Jim
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