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Strategies & Market Trends : Point and Figure Charting

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To: Ms. X who wrote (5251)	7/31/1998 12:04:00 PM
From: Mr. BSL	Read Replies (2) of 34812

Hi Jan. Earlier this week Starbucks - SBUX touched the BSL at 46. RS is (was) in a column of X's, VL 1 or 2 etc. Last week it had a nice pull back to support, which made a good entry point. However, when it touched the BSL this week AND had already given a sell signal above the BSL, it was time to dump this one. Today it is getting pounded. SBUX goes under the column that says "P&F Saves". This is a good example of "sell signal above BSL" plus "BSL touch" equal BSL violation. Take Care

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