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Strategies & Market Trends : Point and Figure Charting

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To: Smooth Drive who wrote (21185)6/12/1999 1:02:00 AM
From: Dennis J.  Read Replies (2) of 34813
 
OK Eric,

I got all that, and you are an excellent instructor, with oh so many examples. To finish this CYMI discussion, we have now broken up through the brl (BRRL) and plotted three more X's, breaking a couple of double-tops in the process. When should a new bsl (BSSL) be plotted?

From Tommy's book and your discussions, it is apparent that a stock is either long-term bullish or long-term bearish. Should there also always be either a BSSL or BRRL??? Is the fact that the previous columns of X's were below a BRRL of such significance that we now create a no-mans land, without a support line in place?

Thanks for your help and interest.

Dennis
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