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

To: Ms. X who wrote (5877)8/14/1998 8:05:00 PM
From: Jack Chen  Read Replies (1) | Respond to of 34810
 
Thank you Jan for the explanation, here I disagree with your strategy or chart telling on LU buy point at $92. For me, I would kick myself if LU get to $92 while I did not buy at $86.625, once it does get to $92, I would wonder if next day it will crash back to $88's. No one can tell for sure what the price action will be tomorrow, in the case of LU, I would buy at $86.50 or $79 to $80 area. Of course this is only my opinion.



To: Ms. X who wrote (5877)8/14/1998 9:55:00 PM
From: HoodBuilder  Respond to of 34810
 
Jan,
Correct me if I'm wrong but doesn't SGP look like it's about to take off. The pattern mirrors the April to May timeframe and it showed tremendous strength in the face of today's weakness. I've owned this stock for 5 years and it's up about 550%, I think it has plenty of room from here. What say you?


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