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

To: wittder who wrote (27795)3/28/1999 12:32:00 AM
From: Doug R  Read Replies (1) | Respond to of 79230
 
Wittder,

FNHC's technicals and chart indicate that it will very likely run to its IL which is at 7 1/4 tomorrow. By Thursday, the IL reaches 8. Once over the IL...it's "toppy" and should then drop back to about 4 then rebound to 6. It's difficult to say at this point how much time it will spend over the IL or how high over the IL it will go but once over, a defensive (tight) stop is the best course.

Doug R


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