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Strategies & Market Trends : Point and Figure Charting

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To: The Phoenix who wrote (5306)	8/3/1998 6:15:00 PM
From: Jorj X Mckie	Read Replies (2) of 34812

Hi Gary, MRVC is trending down right now. It is at a triple bottom support with today's action but if it drops to $19 it would be a bad thing. If you were bottom fishing this, you might want to wait for a move to $23, but this would still be real risky since it is still below the Bearish resistance line. Of course if you are looking for a TDT this is an ideal place to enter if you are happy with the FA. Tom

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