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Strategies & Market Trends : Point and Figure Charting

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To: Challo Jeregy who wrote (14590)2/24/1999 7:39:00 AM
From: Don Pueblo  Read Replies (2) of 34816
 
Rats. I don't have the book. OK, I remember that it was a series of several graphics, they are on a left-hand page, at the top. I believe he called these signals "Class A, Class B, and Class C". It's the Class A signal that I am talking about; for a sell signal, it's a lower high on the oscillator in conjunction with a higher high on the price. For me, I need to see both tops above 65 on the RSI.

note early Jan and early February here, I called the top on Feb 2:
204.71.196.176:443/919858505590?User=demo&Pswd=demo&DataType=GIF

(and yes, mid December was a "bad" signal!)

I hope that helps. Anyway, it's a very accurate signal right now. It can be invalidated, but anyone out there who day trades, look for it on a 2 minute or a 5 minute bar on the S&P futures, and watch what happens to the stock market short term when this signal appears. There was one yesterday for example, at the high of the day.
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