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To: Ms. X who wrote (11182)2/9/1998 10:33:00 PM
From: The Perfect Hedge  Read Replies (1) | Respond to of 95453
 
P&F--
Thanks for the updates.
EVI had another good day.Is it gaining even more mom?
I'm almost ready to take on P&F,seriously.
Did your feelings really get hurt?I'm sure it wasn't meant that way.Sometimes the ta jargon is hard to understand.
GD



To: Ms. X who wrote (11182)2/10/1998 12:48:00 AM
From: SJS  Read Replies (1) | Respond to of 95453
 
Thank god for emoticons :>), but I love it when you talk TA.

I think I understood most of your comments, yet I wondered what the bearish resistance line is. I think it is the line/price/value that stops a stocks bullish upward momentum, right?

In the case of the stocks that you mentioned, they moved just a little higher than those lines, and then pulled back.

Now, with their retracement, they are better values as the risk/reward ratio looks more favorable since the stock is closer to the lower support level, and has more upside as it tries to re-take that high ground (break through what you call the bearish resistance line).

When that happens, (or if) does that bearish resistance line become the new support level?

Gosh....Not doing too bad, huh? :>)

OK...try this for my morning read: Stop of 48 spread triple bottom break.

East Coast sleepy time...see ya tomorrow.