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Strategies & Market Trends : Point and Figure Charting

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To: P. Ramamoorthy who wrote (405)	2/5/1998 2:04:00 PM
From: Ms. X	Read Replies (4) of 34814

Hi Ram, It means wait for the stock to hit 26. You can place a limit order in to buy at 26 or just watch to see if it hits that mark. When it does, you can buy then or wait to see if it pulls back a little. There is no stop order. We are just waiting to see if GLM can break the resistance at 25 and make it through the bearish resistance line. I know it seems weird to wait for a stock to go up before buying but we are just making sure the stock has the momentum we need to carry it further. Jan

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