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Strategies & Market Trends : Point and Figure Charting

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To: wizzards wine who wrote (5176)	7/29/1998 1:35:00 AM
From: Jorj X Mckie	of 34818

Preston, Gotta love that CSCO!!! Pattern is a little screwed up even though it looks similar. CSCO's normal behavior is to run up before earnings then to pullback after earnings. We had the normal run up, but we have pulled back before the earnings announce (maybe because of the general market downturn?). Regardless, chart looks like it wants to turn around and we have a week to go before earnings:) Also check ASND. Pretty chart, RS positive, held $50 support so far and October is coming up quickly (Referring to LU pooling of interest restrictions being lifted). Move to $56 will be a pretty good confirmation, but I will likely enter without the confirmation. Later, Tom

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