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Strategies & Market Trends : Point and Figure Charting

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To: The Jedi who wrote (6911)	9/8/1998 10:50:00 AM
From: Judy	Read Replies (1) of 34811

Kiri, thanks for the explanation ... this makes sense. This snap-back rally is nice and should have some staying power. Heavy volume in put transactions for September should exert an upward bias on the market during the unwinding of options for expiry. I will watch to see if previous support levels for key stocks become resistance levels, hence containing the rally. Such as CCI retraced up to support of 104+, let's see if it will be contained at that level. At what level did you or will you put IBM? Also what is your read of LU?

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