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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: John_W who wrote (9592)	12/23/1997 8:16:00 AM
From: Sergio H	Read Replies (1) \| Respond to of 79384

John, DLNK was up over 2 points on Fri. then announced bad earnings forecast. The 2 point were a safety cushion on Monday as it was going to give that back and more. The support line is the 52 week low, and it broke through that yesterday. A stock hitting a new low will.... FSII's 52 week low is 10 7/8. That is where the support is. If you are going to short it, then give yourself plenty of room to make a profit. Don't open a position (sell) any lower than 11 7/8. Cover if it fails to break under 10 7/8. Hold if goes lower. Does not have to be a one day play. One more word of caution, wait to opening. If the stock is not down at least 1/2 point at opening, then avoid. The news is already out and the reaction sould be negative, so wait for confimation and then get in as quickly as you can if the trend is set. Sergio