Continuing the IFMX discussion and more... Message Board

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Strategies & Market Trends : Continuing the IFMX discussion and more...

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To: Robert Graham who wrote (150)	9/10/1997 2:55:00 PM
From: Melissa McAuliffe	of 206

Bob, Back to PSFT here for a minute. I am studying this chart and cannot see where 56 is a support level. I realized that I have no idea how to identify these levels on this type of chart vs. IFMX which is fairly straightforward since it has been trading in somewhat of a rectangle. But I did notice that PSFT dropped down to right above 56 and didn't go through..at least not yet. I see support levels at approximately 30, 46 and 52 but maybe these are wrong. Can you provide some direction here. But nonetheless you were accurate about 56 or thereabouts as to where the stock would go. Thanks. Melissa

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