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Strategies & Market Trends : Point and Figure Charting

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To: Ms. X who wrote (5436)	8/5/1998 4:32:00 PM
From: Jorj X Mckie	Read Replies (2) of 34811

Jan, Take a peak at YHOO for me. I bought Aug87.5 puts today and watched it loose a couple points then had to go to a meeting. When I got back (at 1:01pm PDT) it looked like it had gone down to $79 and already recovered a bit. I would have exited had I been around. It seems to have dove through its downward trend line (adding 5 Os). RS is still positive as of yesterday. Next support is at $74. I suspect that YHOO will follow the market tomorrow, but I don't have any feel for what tomorrow will bring. Sold my ASND today. Did ok on the shares but lost a little on the calls that I had bought before the spike down last week. I'll look for re-entry later. So now I am all CSCO except for my YHOO puts. Any word from the Wizzard? Tom

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