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Strategies & Market Trends : Point and Figure Charting
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To: Judy who wrote (9491)11/11/1998 2:16:00 PM
From: Ms. X  Read Replies (2) of 34810
 
Hi Judy,

What are your price objectives for AOL and CMGI?
Not much to show on the chart for AOL. It reverses down today a normal
three box with next support at 118. This could be taken as a sell
signal for short term trades.
CMGI:
Broke double bottom today. Next support at 53.


83 X
82 X O
81 X O
80 X O
79 X O
78 X O
77 X X O
76 X O X O
75 X O X O
74 X O X O
73 X O O
72 X O <--broke double bottom today.
71 X O <--Today's action (all the O's)
70 X
69 X
68 X
67 X
66 X
65 X --------------
64 X

I'm exiting Dell tomorrow or Friday. A three box reversal down from
the current long row of X's would be a trade sell signal. Moved up
two boxes today. When are you planning to exit?

I'm looking forward to LV. My Dads going so this aught to be a hoot!
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