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Strategies & Market Trends : Point and Figure Charting

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To: james ball who wrote (6189)8/22/1998 11:17:00 PM
From: wizzards wine  Read Replies (1) of 34811
 
Tom, Mostly agree with you disortation, however 100 points + or - is one thing, but Fridays low was down 250, not the 77 for the close...

You, for one have taught us that we follow the trend...and that being a down trend...we do not look at closing numbers, but the high or low for the day...250 down, falls out of the daily 100 + or - area...

Your thoughts???

I for one believe that all markets, look at the others and the world events, and then factor in these events... Some may say this is the bottom, yet I foresee further decline due to unfortold events...

JMHO

Later

Preston
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