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Strategies & Market Trends : Point and Figure Charting

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To: Bwe who wrote (2429)4/21/1998 1:00:00 PM
From: Ms. X  Read Replies (1) of 34812
 
Hi Bruce,
Do you have a subscription to Dorsey Wright?
The reason I ask is you can access nearly all of the stocks traded
(and those not in the database can be added), whether optional or not.

I saw Preston gave you an analysis to NRVH, I would add that the daily
and weekly momentums just turned positive which is a good sign for the stock.
Resistance at 44 which is also the top of the trading band.
My guess would be the stock will trade to 44 and then pull back some.
All looks good for long term.
I've marked the stop point on chart below. Take care. Jan

45-----------------------------------
44 X Top
43 X O
42 | 2 O
41| | X O
40+-------------+---X O -------------
39| | X O
38| | X O X <--Triple top buy signal
37| | X O X 4 X
36| | X O X O X O X
35+-------------X --X O X O X O X ---
34| X 1 O X O X O X O X Med
33| X O X O X O 3 X O <--Support level at 33
32| X O X O X O X <--Double bottom sell signal.
31| X O | O X O X
30| --------C --| O ------O X -------
29| X | O X
28| X | O X
27| X | O X
26| B | O
25| --------X --| -------------------<--Stop point.
24| X | Bot
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