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Strategies & Market Trends : Charts for Bottom Breakout -- Ignore unavailable to you. Want to Upgrade?

To: Ed Huang who wrote (1593)	3/19/1998 7:07:00 AM
From: ted birnbaum	Respond to of 3105

yep i hear your and we all need to follow our rules. I have been successful with CXI and feel I know the trading patterns. My original plan was to buy CXI at 3 1/4 or so cause it had just bounced off support at 3. But the stock got hot and ran before I could execute my plan. Its a screaming buy if it come back to touch 3 1/2 again, personally I am expecting it to trade up into the 5 3/4 area at least then depending on the time and nature of news will have to call it from there. CXI has support resist at the $ and half $ from 3 through 5. so support/resist is 3 , 3 1/2, 4, 4 1/2 and 5 then next resist is 6.