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Strategies & Market Trends : Point and Figure Charting

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To: Ms. X who wrote (3140)	5/22/1998 4:36:00 PM
From: Jorj X Mckie	Read Replies (2) of 34811

Hi Jan, Check out COMS it went through a spread triple bottom break today and still well below the BRL. RS is negative (double bottom break in April and falling). At this point it doesn't look like there is anything technical to hold this puppy up. Considering how beaten up the stock is, it would seem like there was more upside than downside, but maybe it wants to go down some more so that it will be more attractive to somebody who may be willing to take it to the altar. BAY reversed into a column of Os today. Without the acquisition rumors it may want to go back to support at $22, but I think there is enough anticipation to keep it bouyed up around 24/25. I'll probably get back into the Dec20 calls soon. Tom

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