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To: Tulvio Durand who wrote (8358)	6/9/2000 12:28:00 AM
From: Lost1	Respond to of 9427

Where would the BRL be on the FLC chart? There is no negative trend to establish a line. If you were to draw a line at the breakdown it would have already been penetrated to the upside @ 19.5-20. No doubt that the BSL was indeed taken out. The expaned chart shows that the old BRL was long gone at 12 in aug '99 Let's get the BIG GUY to take a crack at it.. :)

To: Tulvio Durand who wrote (8358)	6/9/2000 8:45:00 PM
From: wizzards wine	Read Replies (1) \| Respond to of 9427

Good evening Tulvio... FLC broke the BRL at 18 and most defined at 17.5... Then broke out above the BSL at 19.5 I AGREE... that they did NOT indicate the NEW lines!!!! Sharpe EYE my FRIEND!!!!!!! Later Preston ps...perhaps this is part of the art!!!!!!!!!!!??????????? or Black Magic!!!!!!!!!!!!!!

To: Tulvio Durand who wrote (8358)	6/12/2000 1:04:00 PM
From: Ms. X	Read Replies (1) \| Respond to of 9427

Hi Tulvio... I'm late on the BRL question regarding FLC. The stock did break the BSL but then reversed back up quickly to a buy signal above where the BRL would have resided. Also, the top column of X's that would have started the BRL isn't really defined it seems. There have been many charts where a BSL is broken but the stock continues to trade within a "base", support areas etc and then reverses back up. This reversal back up creates a buy signal and exceeding the level where a BRL would be drawn. 24 See, the line can't really X x 23 be drawn X O x 22 * <-- 5 O x 21 4 * <-- X 6 20 -----------------------X O X --X ------X 19.5 X X O X O X O X X 19.0 ----------X ------X O X O X O X O X O X -------- 18.5 X X O X O X O X O O X O X * 18.0 ------X O X O X --X O --O ----* O X O * ------- 17.5 X O X O X O X * O X * 17.0 ------X O --O X O X base area O * ------------ 16.5 X O O X * * 16.0 ------3 --------O X --* ------------------------ At the bolded X the * can't be placed and the BRL runs right into the current columns. So, being that it continued in a solid support area and immediately reversed up - and the BRL didn't have a strait line, a new BSL was created. I was trying to think of another stock that did this but my mind is blank right now. This really doesn't bend the rules. The fact that it broke the original BSL is important of course but we always consider the support area around that break. If there is tons of support it is reasonable to hold the stock until that base' is broken - if owned. For a purchase you would want to wait. If trading you may want to sell but a longer term trade or or investment, especially if everything else looks good, can be held. Often times you see stocks like this, with good support, break the BSL and bounce back up. Hope this makes sense.