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

To: SBerglowe who wrote (4938)	7/22/1998 10:21:00 AM
From: Ms. X	Respond to of 34811

Hey there, I understand busy! Here is the chart for RNWK. It would be reasonable for RNWK to pull back to 45 or 41 after such a nice run up. Stop is 37 on a trade and 27 if long. Target price 55. 50 ------------------------------------------------------------------ 49 Top 48 X 47 X 46 X <--Standard reversal 45 -------------------------------------------------X ----------X --- 44 X O X 43 X O X 42 X O X 41 7 O X X 40 -------------------------------------------------X O ----X O X --- 39 \| X X O X O X 38 \| X O X O X O 37 \| X O X X O X <--trade stop 36 \| X O X X X O X O X X 35 -------+-------------X O X O X --X O --------X O X O X O X ------- 34 \| X O X O X O X O X X O X O X O X 33 \| X O X O X O X O X O X O O X O 32 \| 4 O O X O X O X O X O X 31 \| X O X O O X X 5 X O 30 -------+-------------X ----O X ----O X O X O X ------------------- 29 \| X O X O X O X O X 28 \| X O O O O X * 27 <--Stop long