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

To: curious who wrote (23542)	9/7/1999 1:00:00 AM
From: Ms. X	Read Replies (1) \| Respond to of 34810

CHCS is under performing the market right now with the RS in O's and below trend. The chart is also on a sell signal. The first ray of light would be at 24 giving CHCS its first buy signal. The Bearish Resistance line is up at 25, 26 to break it and that would reverse the trend back to positive. This is a lot of resistance for the stock. It has created a higher bottom but still the stock looks vulnerable and certainly so if the market starts to wain again (the short term indicators turn negative). I'm sorry to be the bearer of bad news but hopefully CHCS creates a base down here, it already has created a higher bottom, and it manages the buy signal at 24. Take care, Jan I am