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Strategies & Market Trends : Point and Figure Charting

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To: Jorj X Mckie who wrote (12010)12/27/1998 12:24:00 PM
From: Ms. X  Read Replies (5) of 34811
 
There are some Telephone sector stocks that are jammin' and breaking out of nice patterns.

BLS: Dang me. Broke out of a solid base between 86 and 92. Excellent support at 87/86 with the BSL right there too. Stop would be 85. Also noted a 2:1 split 12/28. RS in X's

QWST: Also broke out of a large base at 46. Excellent support at 40 with the BSL, 39 is the stop. RS in X's.

MFNX: I've been in this little darling since October 8th and am up well over 100%. I did post it so there :-p. I entered it again last week on the 21st and it is up another 12% on the week. Just had a 2:1 split. Broke a small bullish triangle and is a tad extended here. Would be good at 30/31 with the stop at 24.

LU: What can one say. If you can buy LU at 102 (hey that rhymes) that would be spammy.

A stock that caught my eye that is not in the telephone sector is FISV. Value Line rated 1, just broke out of base, excellent support at 44 - stop 43. Rs in X's. Nice to get this one around 48.

Of course you all will check your own charts, FA, astrologer etc.

XXOO,

Jannorama
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