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

To: Gwolf who wrote (14209)	2/18/1999 7:29:00 PM
From: james ball	Respond to of 34808

AS you can see on the chart the long term trend line has been broken. It is due for a rally of 3 or 4 points as that is how the down trend has been established. WE don't think long or short term when it comes to a stock. What is, is. I am holding a stock that declined from $18 to $6, Small position because I kept thinking it would come back. I violated all rules on that one and now am stuck with a klunker. I will however sell it tomorrow as this discussion reminded me to stop procrastinating. Micron in 1995 was the sweetheart of Wall Street and it went from short term to long term to disaster. Good support at $51 however. Tom