Point and Figure Charting Message Board

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Strategies & Market Trends : Point and Figure Charting

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To: Jerry Olson who wrote (1523)	3/7/1998 1:06:00 PM
From: wizzards wine	Read Replies (1) of 34811

Hi Jerry, LIKE that CA! ICN- Had a quick long 20 run up to all time highs. A stop loss of 54 forms double bottoms. Resistance at 59 and ZACKS rating HOLD. I'd give this one a rest. GDT- Had a 16 box run up and giving higher highs and bottoms. A 68 would be a double bottom and stop loss. If you look at the chart again, you'll see this one likes to form triangles. A raise to 76 would break that pattern and then buy on the pull back. ZACKS rating STRONG BUY. Just my thoughts Preston

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