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Mindspeed Technologies, Inc. Message Board

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  • ChiTrader ChiTrader Nov 30, 2004 9:21 AM Flag

    I can't understand?

    One step at a time, folks. First target, make a new minor high above $2.68. THEN, take out the 9/1/04 high at $3.62. All we've done so far is fill the late September gap. The path of least resistance right now is still DOWN. The one positive I see is that we have done some consolidating in this $2.50 area and if we truly have made a minor low at $2.32, then there is a better than even chance that we make a higher high above $2.68.

    But don't hold your breath. Keep stops in place just in case. Stocks are notorious for NOT doing what they are supposed to do.


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