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: loafy loaf who wrote (8677)	12/2/1997 4:16:00 PM
From: Doug R	Read Replies (3) of 79308

Loaf, RLLY is approaching its original uptrend line of the lows on 8/26/97 and 9/5/97. The technicals are short-term oversold with the long-term at levels which would give a sell signal if further weakness is shown. With recovery in price form here, there would likely be a great opportunity fo short-term profits. The uptrend line is at 2 15/16 today and will cross 3 in a day or 2. The price of 3 has been pivotal countless times so as horizontal support it would represent an intersection of 2 support lines in the next 2 days. This is very much the same situation that BOSCF is in at $5. Intersecting lines often produce significant results (one way or the other). Doug R

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