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

To: Quest who wrote (1945)	3/24/1998 4:23:00 PM
From: wizzards wine	Read Replies (1) \| Respond to of 34811

Hi Quest, I looked at VSIO and see the following: Trading below the bearish resistance line at 41. The RS is a BUY in a column of O's which is not good short term. It needs a 42 to break the trend line and then a 43 to break resistance at 42. You've got 5 lower bottoms on each sell signal and a stop at 32 would give you the 6th sell signal in a row. Would not want to get in at this point as your risk to reward ratio stinks. I'd look elsewhere or let the chart develope to a more positive outlook. Just my thoughts, Preston