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: Mark[ox5] who wrote (8695)	12/2/1997 4:37:00 PM
From: James Strauss	Read Replies (2) of 79313

LBFC.... >>>Can you please tell me what you see on LBFC ? It is in sub-prime loan segment, highly undervalued and breaking out of a long base.. it looks good to me from a fundamental basis but its recent pullback from earlier highs has been befuddling. Im wondering whether this is a good entry point, and if this move looks to continue from your standpoint(s).<<< ***************************************** Mark: Slightly improving moneyflow and MACD... It formed a tiny double bottom (W) on the 144 day Moving Average line... It needed to close above 11 5/8 to resume the uptrend... Good news... It closed at 11 7/8... It has trendline resistance in the 13 1/4 area... A break through that takes it to the 14-15 area... Jim

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