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


To: Klinger who wrote (1077)2/25/1998 10:27:00 AM
From: Ms. X  Read Replies (1) | Respond to of 34816
 
Hi John,
XYLN had some bad months didn't it? Well, the RS has reversed up and is at resistance. The trend chart shows it is at major resistance here at 24 that extends back to September. It will be important to see it break this resistance and not retrace too far from it.
First double bottom sell signal is at 18.
I would try and get on a pullback since it seems to be at an all time high. IMO I would want to see it break 24 first.

Best of luck,

Jan