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Strategies & Market Trends : The Rational Analyst

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To: HeyRainier who wrote (446)	3/13/1998 2:36:00 PM
From: HeyRainier	Read Replies (1) of 1720

[ Stalking QSound Labs ] Current Price: $3.00 For as long as the Wedge remains intact, the following is the risk/reward assessment for QSound Labs: - Downside risk appears to be limited to 2 7/8 (or 4.2% risk), where the upward trendline rests. - Upside potential appears to be capped at 3 5/16 (10.4% reward), where the December downtrend line rests. Reward/Risk ratio at current price: 2.48 to 1 Upon a breakout from the Wedge, the upside and downside risks shift as follows: - Downside breakout: Support at $2.75 (or 8.3% risk) - Upside breakout: - Scenario #1: Resistance at $3.625 (20.8% reward) - Scenario #2: Resistance at $4.00 (33.3% reward) Reward/Risk ratio at current price: - Scenario #1: 2.50 to 1 - Scenario #2: 4.01 to 1 Rainier

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