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Strategies & Market Trends : Point and Figure Charting

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To: the options strategist who wrote (11057)	12/7/1998 11:24:00 AM
From: Lyn Benson	Read Replies (1) of 34816

Jan, can you check me on two? (NN and FORE...if anyone else has any suggestions on these, please add your thoughts!) I would like to consider NN on a three box reversal. If it would reverse back into x's on the chart and give a dt buy at 32, would you then get a po of 63.5? If this does happen and it does start to run (I do see resistance and BRL at 39), since the slp would be so far down at 15, can you use 27 as your short stop or can you recommend a better one? 2nd) FORE --trend just turned positive as it broke BRL and gave a buy at 18, giving a po of 30.5. OK to buy here, with resistance expected at 22 and again at 25 at top of trading band? SLP at 14.5?

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