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


To: Steve Hufnagle who wrote (996)2/23/1998 12:13:00 AM
From: Ms. X  Read Replies (1) | Respond to of 34812
 
Hi Steve,
SCI looks good. What we have is a normal pullback. Nice one. It pulled back after meeting resistance at 49. This was after two consecutive buy signals plus breaking through the bearish resistance line. The relative strength is strong too.
Your stop would be 39, violation of the bullish support line. If you feel more comfortable, wait for the stock to reverse up again before considering a new purchase. You would want to make sure it didn't fall to 39 before doing so.

Best of luck,

Jan