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Strategies & Market Trends : Point and Figure Charting

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To: Judy who wrote (6927)	9/8/1998 11:16:00 AM
From: The Jedi	Read Replies (1) of 34811

This is a manipulated market, and is being done by the bulls not the bears. I do understand that there is more to play on the upside than the down side. IBM I have a max rise of 127.5, any rise above that we are going for all time highs then. The down side is limited to 112 unless we crash then next stops are 106 95 88. LU I am not following closely, but looks like it has been limited by its 200dSMA (around 64), I guess below that we are looking aroung 40-45 (that is the bearish senerio). If there is no much follow thru after today, we should then be in a crash mode, because that would tell the bears this bull has no horns. Kiri

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