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Strategies & Market Trends : Point and Figure Charting

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To: Jerry Olson who wrote (2339)	4/14/1998 3:55:00 PM
From: wizzards wine	Read Replies (1) of 34811

Hi Jerry, looking at INTC we have RS sell in a column of O's with a double bottom sell on 4-7, lots of support in the 71 to 75 area. Would take a move to 80 for a new buy signal or a move to 70 for another sell, which would be a triple bottom and not good. No clear direction, a little up and a little more down. My opinion is that INTC is a deal in the low 70's and it will go back up, only a question of time... how much time and is there something else out there giving clearer signals with a closer return? Only my thoughts Later Preston

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