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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Justa Werkenstiff who wrote (13238)	4/15/2000 7:04:00 PM
From: Mr. BSL	Read Replies (1) \| Respond to of 15132

Justa, I hold some XLF. It just gave a double bottom sell signal at 23. If it turns up to 24 soon, it will have had a shake out should continue its uptrend. If it takes out 21 on the downside, it will have violated its Bullish Support Line (BSL the diagonal line of *) and will probably tank. My stop is at 21, when it touches the BSL. Some wait for the touch, some wait for the penetration. All agree that the greater the number of touches, the deeper the initial penetration. If you don't want to get you know what, get out by 20 1/2 IMO. XLF - Financial SPDR** X X 25.5 X O X O 25.0 X's mean the price is rising X O X O 24.5 O's mean the price is falling -X --X-O --O------ 24.0 O X O X O 23.5 O X O X O 23.0 O X O X O 22.5 O X O X 22.0 O O X * 21.5 O X * 21.0 O X * 20.5 O X * 20.0 O * 19.5 * Time --->