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Strategies & Market Trends : Point and Figure Charting

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To: Rich1 who wrote (17468)	4/11/1999 10:32:00 PM
From: wizzards wine	Read Replies (1) of 34811

Hi Rich...NTPA, I'd look for a trading entry on the first 3 box reversal up, with RS in O's and the 15th of April fast approaching... The sector is Bull Confirmed at 70%, and the BSL is way down at 7ish... I'd really like to see the bottom before playing the up side, and then to maybe 12-13ish target...nice 80% of the move...no piggie here... MSGI...a typical pull back would be 28ish...this one showed up on my Valueline weekly scan of the 1,4,13,26 week returns...I filter for the top 1 week returns and want to see progressive 4,13,26 week results... Then play the trade using P&F, remembering IT's a TRADE...make your plan, have stops close at hand and stick to the plan...Look for a good risk to reward....Yes CPQ warning may give several simpathy pullbacks...We'll see tomorrow Hope that helps... Later Preston

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