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[sharechat] NPX

From:	Phaedrus <Phaedrus@techemail.com>
Date:	Wed, 24 Oct 2001 23:50:25 -0700 (PDT)

Chris,
       Nuplex is in a new uptrend. This was an interesting turnaround in that 
the break of the downward trendline and the start of the new uptrend both 
occured on the same day (23/10/01)  Most commonly you get the trendline break 
first (end of the downtrend) and then the new uptrend starting a little later. 
Note the double/triple bottom pattern - these are often a basing formation. In 
this case they show good support at $2.85. A stop-loss placed just below this 
level would carry a low risk of being hit.
         Phaedrus.

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