The 56 Point TA; Charts With an Attitude Message Board

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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: MikeD who wrote (25631)	1/21/1999 8:51:00 AM
From: Doug R	Read Replies (2) of 79269

Mike, Initial downtrend resistance on BJCT is 1 19/32 today. Major downtrend resistance (the Peg line) is 1 13/16. I expect BJCT could use the momentum from a breakout of initial resistance to overcome the Peg line. A cool uptrending resistance line is at 1 7/8. If BJCT climbs over that, the 3 to 5 month (or less) target of 6 1/2 will have strong verification. There's plenty of technical room to do it and the strength of the overall technical profile is enough to do it. how it reacts to the resistance areas will show if it will. Doug R

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