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Strategies & Market Trends : Point and Figure Charting

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To: Ms. X who wrote (1500)	3/6/1998 12:11:00 AM
From: feewaybill	Read Replies (1) of 34811

Hi Jan, I'm still trying to learn PNF. MDCO broke above a spread triple top at $21. Oil Service Industry Group is "Bull Confirmed 48+". This part looks good. Ok i don't get the RS charts, but in the portfolio setup it says "RS Sig is a BUY in a column of O's". I understand that when RS is in a column O's, it means that MDCO's price is under-performing the Market(DJ-30). We like it to be in a column of X's when going long, right? My questions is what is a" RS Sig BUY" I'm guessing that not to long ago MDCO must of completed a double top on its RS chart, maybe? Thanks, I really enjoy this thread and hope you and Tom will continue posting........................Bruce

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