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Strategies & Market Trends : Point and Figure Charting

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To: The Perfect Hedge who wrote (2461)	4/22/1998 12:13:00 AM
From: Ms. X	Read Replies (1) of 34811

Bejee, Nothing is ever a no brainer.... This move broke IBM out of its trading band. The relative strength is real close to reversing back up and the daily momentum has been positive for a week. This would be a guess play on your part. I don't see anything to specifically warrant a put. It will probably pull back from here but the main trend is positive. Actually, I was being silly and looking at Yahoo for a put. There again nothing to support it except that it has run up so high.

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