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

To: Sam Quentin who wrote (1132)2/26/1998 9:52:00 AM
From: wizzards wine  Read Replies (1) | Respond to of 34816
 
Sam, I looked up TDFX for you but now see that Jan is online so you'll likely get her read too. It had a big run up after Motley Fool placed them in their portfolio. P&F looks as follows. RS signal buy, RS column of X's, Trend is positive, PF signal buy, but the momentum is neg. It's in a column of O's, with a double top and double bottom. If it forms a lower double bottom, I'd be careful. I'd rather see it reverse up and break the last column of x's, as its at an all time high.

Later
Preston



To: Sam Quentin who wrote (1132)2/26/1998 10:40:00 AM
From: Ms. X  Read Replies (1) | Respond to of 34816
 
Hi Sam,
RS and momentums good. I would say if it breaks this double bottom keep an eye on it and see if it recovers. The double bottom break is at 21. If it looks to hold it is a nice pullback with a stop of 21 for a trade and 18.5 long term.

Best of luck.

Jan


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