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Strategies & Market Trends : Point & Figure - Beginners (Real Green) -- Ignore unavailable to you. Want to Upgrade?

To: quote 007 who wrote (37)12/28/1998 12:04:00 PM
From: Jorj X Mckie  Respond to of 322
 
It would not be suggested to short anything with a positive RS. Further, today's chart will show a move to $73 which breaks through DT resistance at $72. Shorting MER would be far riskier than I would want to play with.



To: quote 007 who wrote (37)12/28/1998 12:04:00 PM
From: Ms. X  Read Replies (1) | Respond to of 322
 
Stuart,
Where are you getting the BRL for MER? It is trading above its bullish support line right now and there is no bearish resistance line (BRL). Not a good short or put candidate. RS is in X's, above trend (bullsih support line). If it breaks the double bottom at 68, it could signal some more weakness but you should wait for that break.

Jan I am


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