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Strategies & Market Trends : Charts With An Attitude; Trading In & Out

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To: Dave H who wrote (3965)	11/25/1997 1:10:00 PM
From: Dave H	Read Replies (3) of 4701

CADE...next key support line I looked at CADE's chart some more and I think the next key support line is drawn from the top of the channel CADE originally broke out of in August. Drawing a line from the high on 12/4/96 to the high on 4/23, there's a line that CADE broke through and retested on 8/14 - 8/18 before taking off. I believe this is the next line of major support, and right now it is at around 2. If CADE can't hold at 2 1/4, I think this is where CADE's next stop will be. And since it is an uptrending line, it might be able to stop the fall and even give a small bounce. just my best guesses here... -dave

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