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Strategies & Market Trends : Point and Figure Charting

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To: The Perfect Hedge who wrote (769)	2/17/1998 3:59:00 PM
From: Ms. X	Read Replies (3) of 34817

Shoot, it hit 39 even? That is another double bottom break. The second. Do you remember my post last week when I mentioned CDG already broke one double bottom? Todays action is your stop point. My guess, it will recover somewhat from here. IMO I would take strength to exit the position. Since you bought one month expiration, you don't have the liberty of time and it will hurt you. Two sell signals in a row is not good. The only stock doing this right now I think. CDG I don't think is in real bad trouble you just didn't give yourself enough room. Options are a risky game. Always stack things in your favor. I'll look closely at the sector tonight, kay. Jan

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