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

To: The Perfect Hedge who wrote (2348)	4/14/1998 11:37:00 PM
From: wizzards wine	Respond to of 34811

Hi Glen, PFE...Nothing on P&F has changed, only a small pull back, the first sell signal would be a move to 91 for a double bottom at 92. Lots of support between 86 to 89. I looked at Stochastics and RS index on IQC, RS is 58 and falling but the low since the first of the year was 38. Looks like we could see a low of 96-97 before we go back into X's. Again nothing has changed, the whole market is on a cliff so take some of your profits and don't force any new positions, let them come to you. Watch all of the indicators. Just my thoughts Later Preston