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Strategies & Market Trends : Chart Formations -- Ignore unavailable to you. Want to Upgrade?

To: sean sanders who wrote (78)	6/29/1998 10:05:00 AM
From: Greg McDaniel	Respond to of 967

I am using Telescan. I do not have chart in front of me. So here is a go at what I did. I selected max time frame. I saw a breakout from a two year trading pattern and placed the beginning point at the breakout. I drew the line along the slope of the breakout. The software then draws the corresponding support lines. Sure enough the first support line was touched and the stock bounced back. then recently the stocked dipped below this first support line. And it looks like it is headed for the second support line.