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Strategies & Market Trends : Technical Analysis - Beginners

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To: TechTrader42 who wrote (8458)	7/15/1998 6:00:00 PM
From: FishbackJ	Read Replies (2) of 12039

Brooke, I've been laughing myself senseless .....wish this thread was active again like it once was..... I like to use point and figure charts, because they provide rock-solid, non-subjective support and resistance prices.... For example on MPTV, I can divine rock-solid support right around the "0" level, and I'd be buyer at any proximate price that, taking into account slippage, commissions, and of course, the "dd" phone call, would allow me to establish a small position on a such a "dip". However, the problem is the cost of the phone call ! What IF the company answers??? You're instantly down the equivalent of 25 shares! (prime time Sprint direct-dialing rate) (wringing hands) What's an investor to do ? Dick

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