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Strategies & Market Trends : Point and Figure Charting

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To: Ditchdigger who wrote (16547)	3/31/1999 5:00:00 AM
From: wizzards wine	Read Replies (1) of 34808

Hi DD, It's almost lunchtime here, FLC is rs sell in O's and below the Bearish resistance line up at 15....currently at a Double top at 9.0 and needs a high of 9.5 to give a buy signal...several sell signals reciently with lower bottoms....Nice to wait for the buy signal and then pick up on the pullback. With the indicators still so negative, and the runup this one has had I'd really like to get a pull back to give a better risk to reward, and also have a closer stop loss point...as 5.0 is the current next sell signal and your stop loss...50% down from here.... SLB on a pullback to 57-58 would be a nice trade at this time as it's Rs in X's and trending above the Bullish support line :-)... Just a thought, Hope that helps, Later Preston

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