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<SPAN
class=740052422-28042001>Lenny,
<SPAN
class=740052422-28042001>
<SPAN
class=740052422-28042001>Excellent chart and comments.
<SPAN
class=740052422-28042001>
If
BNBN retrace less than 100% of its advance from the April low, I am prepared to
call an upturn in the wide channel.
<SPAN
class=740052422-28042001>Internal strength (volume studies) was positive at the
April bottom.
<SPAN
class=740052422-28042001>
Of
course, BNBN could crash and burn from this critical level. However, a
double bottom over 3 1/2 months, positive internal strength at the second
bottom, and a (presumed) channel turn can be a powerful
combination.
<SPAN
class=740052422-28042001>
<SPAN
class=740052422-28042001>Aggressive traders may consider selling the down turn
at resistance, then buying the upturn after the retracement; More conservative
investors would wait for a confirmed breakout.
<SPAN
class=740052422-28042001>
The
safest strategy (best odds, best ROI) is to play upturns from the lower band of
the wide channel after prices have broken above resistance and confirmed an
upturn in the channel. All it requires is patience.
<SPAN
class=740052422-28042001>
<SPAN
class=740052422-28042001>Stan
<FONT face="Times New Roman"
size=2>-----Original Message-----From: rosow@xxxxxxx
[mailto:rosow@xxxxxxx]Sent: Saturday, April 28, 2001 1:49
PMTo: realtraders@xxxxxxxxxxxxxxxSubject: Re: [RT]
BNBN<FONT
face="Arial Rounded MT Bold" lang=0 size=2 FAMILY="SANSSERIF">Stan,
I have attached a Weekly chart with a few comments regarding
BNBN turning the corner. Thanks for your posts. Lenny In a
message dated 4/28/2001 12:02:14 PM Eastern Daylight Time,
sbook@xxxxxxxxxxxxx writes: <FONT color=#000000 face=Arial
lang=0 size=2 FAMILY="SANSSERIF">
<BLOCKQUOTE
style="BORDER-LEFT: #0000ff 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px"
TYPE="CITE">Looks like BNBN has turned the corner.
<FONT color=#000000 face="Arial Rounded MT Bold"
lang=0 size=2 FAMILY="SANSSERIF">To
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