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Strategies & Market Trends : 56er's Portfolio Companion

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To: John_W who wrote (375)	11/26/1997 2:43:00 AM
From: Doug R	Read Replies (2) of 492

John, There is a trendline that intersects horizontal support of 2 1/4 four or five days from now. I waited for the bid to bump up to 2 9/32. CADE closed on the low of 2 1/4 which takes 1/16 to 1/8 from my timing but Wed. should prove to be a short-term (2 to 4 day) opportunity to take advantage of what appears to be panic selling. The mitigating factor is that even though CADE appears to be in a freefall, no long-term TA sell signals have been tripped (yet). Oh, and furthermore, I've been tracking CADE REALLY close for 2 years now. Doug R

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