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Strategies & Market Trends : Point and Figure Charting

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To: chartseer who wrote (11557)	12/16/1998 11:10:00 AM
From: Bwe	Read Replies (1) of 34808

Chase Manhattan (CMB) currently forming a Bullish Shakeout Reversal. This pattern shakes out the "weak hands" with the Double Top at $66 and subsequent sell signal at $60. Need a 3 box reversal to complete the pattern and with the last chart notation at $59, $62 would do the trick. Support at $58 (bsl), $57 (STUL). The RS is bullish and in X's. Also trading above BSL. Take care, Bruce

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