The 56 Point TA; Charts With an Attitude Message Board

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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Rsg who wrote (8533)	11/29/1997 1:44:00 AM
From: Doug R	Read Replies (2) of 79327

Rick, BJCT has nearly reached really short-term overbought (but that's not always a big worry) and has also set up a head and shoulders formation. If a downside reaction to being overbought takes out the H&S neckline, it would be not so good. Use a line from the low on 10/17 across the low on 11/24. Upside potential is to 2 or a bit more if it can do 3/32 or more on Mon. and 5/32 or more on Mon. AND Tue. combined. (this is all done with your time horizon in mind) Doug R

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