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


To: chartseer who wrote (11663)12/17/1998 8:57:00 PM
From: ViperChick Secret Agent 006.9  Read Replies (2) | Respond to of 34811
 
Chartseer

What's your call on IBM? I presume it is still the same given the way IBM crapped out today.

So far you were right on. I was thinking about you as IBM was running up against the 9BB and backing off. I tried to get puts but missed it. It would have been a great daytrade.

Do you have a number on IBM that you target to play it for a intraday or short term bounce?

I believe the Max-Pain TM is 165 - at least the last time I looked.



To: chartseer who wrote (11663)12/18/1998 6:41:00 AM
From: Bwe  Respond to of 34811
 
MLHR is shaping up slowly but surely. The stock broke the BRL in November and has not been keeping up with the market. That could change, however. MLHR has a double top buy signal looming at $26. That support was able to hold at $19 1/2 after a bearish High Pole pattern is a very bullish sign. The stock is making a rounded bottom which is also bullish. The stock is shaping up nicely and looks to be a good tax loss selling buy candidate.

JMHO,
Bruce