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Strategies & Market Trends : Point and Figure Charting

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To: Ms. X who wrote (3438)6/6/1998 12:21:00 PM
From: Bwe   of 34816
 
For the stout of heart, INTC is a trading buy right here after it's 3 box reversal. Long tail down pattern after 19 straight boxes down and 3 box reversal. Best to use when RS is bullish but not the case right here. Lots of activity in the Intel chart over the last year. The stock has bottomed and reversed course 5 times between $65-70 over the past year. The chart looks horrible long term but traders could make a few dollars off this reversal.

Bruce
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