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

To: Jerry Olson who wrote (15117)	3/7/1999 2:53:00 PM
From: Ms. X	Read Replies (1) \| Respond to of 34811

It's hard with BP's to talk about support. We go by risk levels. Again, take a look at last year. June for the 10 week. IT reversed up at this level and then reversed down to break another double bottom. I only point this out so you understand why we are so cautious with only the short term turning positive. Yes, the 10 week can reverse up from here and it may shoot strait back up to 70% BUT, it might reverse down. It is good you are looking at these charts. Don't predict their reversal though. You can play solid stocks here with stops JEr. Especially you who love a little danger with your investing :-p