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Non-Tech : Dorsey Wright & Associates. Point and Figure
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To: ClearSky who wrote (1994)11/23/1999 10:43:00 AM
From: Ms. X  Read Replies (1) of 9427
 
OMKT is on a 50% retracement from its high pole. Staying within the bottom of that retracement today around 28.

High poles are difficult for long term investors. A 50% pullback is tough.

Support isn't until 19.5. The stock could reverse back up giving a guide to better judge the chart. It's normal for stocks to pull back. The sector still looks fine etc.

For reference, trade plays from high poles are three box reversal downs from the top.

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