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

To: Hardline who wrote (10844)	12/3/1998 7:07:00 PM
From: wizzards wine	Read Replies (1) \| Respond to of 34811

Evening Hardline, Perhaps Mrs. H will accept my once over..... If we look at the Stop or first sell signal on MYG it's way down at 39, currently trading at 56ish...But the RS is in X's and we like that...it's also in the top of the trading band...we'd like a pull back to low 50's or lower... CAT is RS in O's currently at 52 ish with a PO ( price Objective ) based on the vertical count off of the bottom of 65... with a sell or stop loss at violation of BRL 44... CAT is a much better risk/reward if already in...really depends on your entry point, but yes MYG is WAY up there and no safe stop other than a reversal into O's, or Rs reversing and that's way down.... JMHO Later Preston