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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?


To: Kim who wrote (27675)3/25/1999 11:20:00 AM
From: Doug R  Respond to of 79326
 
Kim,

The 131 area is the neck line of a head and shoulders formation. A break below there would be a clear sell signal. The rebound off yesterday's low on initiated coverage or an upgrade makes that low somewhat of a key area also. Lightening up on it if it broke below 147 would make sense. Lightening up on it even more would again make sense if it broke below the head and shoulders neck line. A strong rebound off the neckline would be cause to pick back up what you let go on a move under 147.

Doug R