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Strategies & Market Trends : Point and Figure Charting

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To: Jack Chen who wrote (5727)	8/12/1998 2:39:00 AM
From: Ms. X	Read Replies (1) of 34811

Jack, PFE went as low as 98 today (which is where the O's run down too). Doesn't matter where it closed. It was in a column of O's from yesterdays action and today it moved down further intraday. In doing so, it broke major support. In other words, an area where it had previously found support and buyers, it did not this time. If it opens at 104 tomorrow with out moving to 97 sometime during the day, it will reverse up on its chart. The stock will still be on a sell signal. If this happens tomorrow, it could set up for another double bottom sell at 97. Time will tell. Take care, Jan I am

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