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Strategies & Market Trends : Point and Figure Charting

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To: ViperChick Secret Agent 006.9 who wrote (2363)	4/15/1998 4:28:00 PM
From: wizzards wine	Read Replies (1) of 34813

Hi Lisa, Read on INTC oh BOY... RS in sell in a column of O's. We've now got 2 tops at 79 and a move to 80 would give us a buy signal. We've also had 2 double bottom sell signals, a reversal into a column of o"s going down to 70 would give us a box at 71 and a new double bottom sell signal. There is lots of support at 68 to 72 and the bearish resistance line is all the way up at 90. Higher highs and lower lows... strange chart Looked in IQC and the last dip bounced of the lower BB which is now at 72. RS index is now 45 and has not gone below 22 in the last 6 months. If we don't get 80, and reverse into O's I'd watch for the 70 giving another sell signal. I don't much like Kurlak but seems like a lot of people follow him... Kind of dumb if you ask me? Hope that helps, need to let the chart develope but all things considered that RS column of O's is not helping. Just my thoughts Preston

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