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Strategies & Market Trends : Point & Figure - Beginners (Real Green) -- Ignore unavailable to you. Want to Upgrade?

To: faqsnlojiks who wrote (294)6/3/1999 10:39:00 AM
From: Ms. X  Read Replies (1) | Respond to of 322
 
OK,
When you have major support like that quad bottom just at the BSL or just below, that is your support area. Just breaking the BSL when there is that much support just under isn't a reasonable stop. Since the stock has proven it can hold at 4.25 you would use 4 as your stop.

Now, breaking the BSL does give you a reason to lift one eyebrow and you would want to make sure you kept an eye on the stock. Have the stop set.

Best of luck with it.

Jan I am


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