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Strategies & Market Trends : Point and Figure Charting

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To: Judy who wrote (10097)	11/23/1998 8:17:00 PM
From: wizzards wine	Read Replies (4) of 34810

Evening Judy, GTW is RS buy in X's with a PO of 67 off the bottom... your trading stop would be a 52 DBS and a long term stop at the BSL ( Bullish support line) 46, but I for one would not risk that much capital... The past two up trends have dropped off, and your next resistance is at 62-63 and then 67-68.... JMHO the bubble is getting very large, and the larger it gets...the worse the burst will be... CMGI...Talk about a mover!!!I'll give you the P&F PO but BUYER BE WARE!!! The PO off the last sell signal is 123, but in order for this to be valid, it MUST break to 90 even on this run up!!!!otherwise we have lower top, and we do not like that...My unofficial look at this chart is that it's close to topping out and will pull back with the market. JMHO hope it was worth something to you, Later Preston who can't believe todays action ;<(

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