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Strategies & Market Trends : Point and Figure Charting

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To: mph who wrote (4811)	7/16/1998 11:16:00 PM
From: Ms. X	Read Replies (1) of 34810

Of course - SEBL RS is strong and sector positioning is good. Monthly momentum will turn positive around 38is and this would be a good sing. Weekly is already positive but the daily just turned negative on the normal reversal. You could do a couple of things. Wait for the three box reverse up which would set a close stop on a trade or use 21 for a stop on a long. You could ask Gary about the fundi. He is quite good at it. 39 38 37 36 X ?<--Three box reverse up 35 ------ ------------7 O ? 34 X O ? 33 X O 32 X X <--Would set a close stop here. 31 X X O X 30-X O X --X O --------X ----- 29 X O X O X O X 28 X 3 X O X O X 27 X O X 4 O X Med 26 2 O O X X 25-X --------O X O X --X ----- 24 X 5 X O X O X 23 X O O X O X 22 X O * 6 <--Long term stop

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