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Strategies & Market Trends : Point and Figure Charting

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To: Lost1 who wrote (21406)6/17/1999 8:04:00 PM
From: Dave Shares  Read Replies (1) of 34827
 
CVS

Lost1,

I am interested in what Jan has to say,
but I did look at these two factors.

The sector is in bear correction,
but as it is in Xs, and field
position is near the middle,
I was willing to discount the
"bear correction status"

RS in Os, I looked at the RS
chart, the RS is 4.48, at 4.75
it reverses back to Xs, and
given recent strength, that
could happen soon.

The RS is a buy, and I would
obviously not have considered
the position otherwise.

That was my reasoning, albeit
I am a P&F novice.

David
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