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


To: John Post who wrote (8091)9/30/1998 8:36:00 PM
From: Ms. X  Respond to of 34810
 
Hi John,
The problem with KEA is that it still was under its bearish resistance line. It had broken two double tops (not a triple - sorry). Today it broke a triple bottom and spread double bottom (not good). This isn't a shake out just one of those bastard stock things.
Wouldn't buy any more here. You may even consider covering your position on a bounce to the upside.
Always be critical of stocks below the bearish resistance line. Even if the RS is positive we consider them for traders - aggressive - TDT types.
I'm sorry it pooped on you :-(
You may be right that it is more than market negativity. Do some FA snoopin'

Take care,

Jan I am