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

To: Dennis J. who wrote (12879)	1/21/1999 1:05:00 AM
From: Ms. X	Respond to of 34811

I'm not real hip on RS in O's below trend etc right now. What you can do is draw a pseudo trend line starting from the O at 7.5 to give you some guidance and then mind that trend line. It is somewhat in the vein of a TDT and I would follow your position with stops. Market is being funny right now and you don't want to get caught in a downdraft should one occure (not that I'm predicting 'cause I have no clue :-) Vertical count is 22 which is just about where the BRL is. Resistance at 18. Top of the trading band is at 16 so it would take a really strong market or some wam bam thank ya mam kind of news to make this one rock and roll. Jan I am