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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude
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To: Instock who wrote (18343)6/11/1998 4:15:00 AM
From: Doug R  Read Replies (2) of 79273
 
Scott,

For the very short term, I'd look for initial weakness to show up around 4 1/8 to 4 1/4. A bit of a pullback or base from there should result in the next leg up, upon a break of the downtrend that the first leg will set up, toward 4 5/8. The volume during that run will determine if CADE will break 5 at my early (aggressive) projection or pull back and base once more to break 5 at my conservative projection. I'd say it should see 6 by mid Dec.

Doug R
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