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Non-Tech : InvestRight Club Challenge

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To: Dave Dalry who wrote (1540)	4/20/1999 6:16:00 PM
From: Jeffrey L. Henken	Read Replies (1) of 2662

Technical Analysis from Market Edge's Second Opinion on PSFT: Moving Average Convergence/Divergence (MACD) indicates a BEARISH TREND Chart pattern indicates a WEAK DOWNWARD TREND Relative Strength is BEARISH Up/Down volume pattern indicates that the stock is under DISTRIBUTION The 50 day MOVING AVERAGE is falling which is BEARISH The 200 day MOVING AVERAGE is falling which is BEARISH WATCH FOR RESISTANCE AT 12.79 Stochastics indicate stock is OVERSOLD STOCK broke DOUBLE BOTTOM (Bearish) Point & Figure Chart Formation Yesterday RECOMMENDATION AVOID THE STOCK STOCK IS NOT A SHORT SALE CANDIDATE IF YOU ARE LONG; CLOSE POSITION OR MONITOR STOCK CLOSELY I did a little tecnical analysis of my own by looking at a 3 month chart Dave. Unless you are aware of a compelling reason to buy PSFT I would look elsewhere. bigcharts.com I could be totally wrong. You know I am quite often. Thanks for asking, Jeff

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