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To: giles who wrote (770)	7/12/1997 7:09:00 PM
From: Brian C. Lund	of 1383

Funny, how that support and resistance thing works isn't it? Closed on thursday at 12 3/8. Dipped to 11.50 on Friday, but closed at 13 5/8. OO never closed below 12 3/8. What it has done is to break out, up to 14.00. Then it came back down and tested support at 12 3/8. If it had closed below that, the break out would have been suspect. But it didn't, and it continued back up. Friday must have been weak longs getting washed out. I am in New Jersey this weekend at TAOTB II with my Technical Analysis friends. The amount of things that I am learning is stunning. Great people too! You Fundamentalists could learn a lot. BCL

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