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Strategies & Market Trends : Point and Figure Charting

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To: wizzards wine who wrote (4939)7/22/1998 10:30:00 AM
From: Ms. X  Read Replies (1) of 34811
 
Wizzers - CSCO
What can you say about Cisco? Pullbacks are opportunities.
Would be nice if it pulled back to 95 for the best R/R but..If it
reverses up from here, you can use 98 as a trade stop. Otherwise,
the stop is 90.

104 X
102 X O
100 X O --
99 X O
98 X
97 X
96 X
95 X -- X ----
94 X X O X
93 X O X O X
92 X O X O
91 X 7
90 X ------------

EMC:
Looks like Cisco. Tastes like chicken.
Same applies here. If it reverses up, use 50 as a trade stop. A
pullback to 50 would give a better R/R.

54 X
53 X O
52 X O
51 X O
50 X -----
49 X
48 7
47 5 X <--Nice pullback
46 X O X X
45 X --X O X O X --X -----
44 X O X O X O 6 O X
43 X O X O O X O X
42 X O O X O X
41 X O O
40 X ----------------<--Stop
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