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Strategies & Market Trends : Point and Figure Charting

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To: Ms. X who wrote (6441)	8/27/1998 9:53:00 PM
From: Smooth Drive	Read Replies (3) of 34811

Hi ya Jan, I think your post leads into a reasonable time for the slow Norwegian market timing experiment update. It started with Message 4829076. Here's where we are today: INDEX---5/13/98------8/27/98-----Gain/(Loss) DOW-----9211.84-----8165.99-----(11.35%) S&P------1118.86-----1042.59-----(6.82%) NAZ------1866.18-----1686.41-----(9.63%) Let's see ----- how do I spell smug? So what have you been doing while on defense? I've been paper trading shorts and puts. My learning curve is on a very steep incline of about 1/3 of a bubble. BTW, you and Preston are to be commended for overseeing a stock picking contest. But you know --- if one is convinced, and I am, 1) That a good P&F'er takes a top down approach (NYSEBP, 10WEEK, HILO, Sectors, etc.); 2) That these indicators then determine if we are either on offense or defense; 3) And that determines the trend channels we should look for and the charts patterns on particular stocks, then a true P&F stock contest must have the ability to short. Perhaps next time. Take care, Eric

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