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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?


To: Al Serrao who wrote (20877)6/7/1999 11:28:00 AM
From: Ms. X  Read Replies (1) | Respond to of 34811
 
Hmmm,
For shorts you don't necessarily need to wait for the NYSE BP to turn negative.
NITE certainly has broken down and you could perhaps get a few points down to 47 (support) on a short but I don't know if that is worth it. I do like triangles for trend confirmations and a bearish triangle is negative for this stock.

Today NITE has moved up to an area where the risk reward is good on a put or short, 53. The stop is 56