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Strategies & Market Trends : Point and Figure Charting

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To: Dave Shares who wrote (20100)	5/18/1999 5:15:00 PM
From: Tammy DeRosier	Read Replies (3) of 34811

NVLS is still trading below the bearish resistance line until it hits 59 and breaks through. Once it breaks through the bearish resistance line then the bullish support line becomes the trendline in effect. Essentially, whichever line (support or resistance) is longer is the one in effect. Before playing NVLS I would like to see it get through the bearish resistance line. The longer term 2 point per box chart also shows a negative trend.

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