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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: James Strauss who wrote (19855)	7/28/1998 10:58:00 AM
From: James Strauss	Read Replies (2) \| Respond to of 79308

RECY... Breaking Support... RECY just broke through a one year Trendline support for the first time... This is a bearish sign... I'm selling half my position today... The 4.00 area offers strong support... I'll either start buying again there, or buy if RECY strongly crosses 5.00 again on good volume and positive MoneyFlow... If we were in a strong market I wouldn't be selling now... But the current market weakness is driving money out of the small caps... So, Capital Preservation becomes the first priority... I'm just as disappointed as you are... Jim