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

To: Ms. X who wrote (1079)	2/25/1998 11:47:00 AM
From: Magnatizer	Respond to of 34812

Jan thanks for the reading I will post this on the Three Amigos tread as they are in SRSL also David

To: Ms. X who wrote (1079)	2/25/1998 12:46:00 PM
From: XOsDaWAY2GO	Read Replies (1) \| Respond to of 34812

Hi Jan, I'm confused. You say, >>>....We have SRSL, here we go: First, the sector is in bear alert and moving down currently at 62%. SRSL has a negative relative strength that appears to be weakening. It has currently traded up to its bearish resistance line at 9. Daily and weekly momentum is positive. It did break a triple top, but I would like to see it get above its bearish resistance line at 10. Next resistance at 11. Stop of 6, first double bottom break below bearish resistance line. Be careful with this guy and don't let it slip away from you.<<< What I'm confused about is that I thought that you were saying that SRSL was not a buy, but the last sentence indicated to me that it was. Just trying to understand the analysis.... Barbara