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Strategies & Market Trends : Point and Figure Charting

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To: Smooth Drive who wrote (25467)	7/17/2001 9:42:40 PM
From: Bwe	Read Replies (3) of 34811

Big E, I was checking out IBM's chart this evening and I'm skeptical that it's BLSL is going to hold. stockcharts.com The BLSL has been in tact since March, but with a recent RS Sell vs the SPX, I get the feeling it's going to buckle. stockcharts.com With IBM's bellweather status, further weakness in the stock may portend harder times are still ahead techland. $100 and another sell at the BLSL could send the stock down to it's next horizontal support at $90. I notice that Atin has added trendlines to the RS charts as a result of recent thread discussions. Fantastic. Bruce

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