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Strategies & Market Trends : Point and Figure Charting

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To: Les H who wrote (7358)	9/16/1998 1:37:00 PM
From: Jorj X Mckie	Read Replies (1) of 34809

Les, Probably reading more into the P&F charts than is normal....I see the DJIA trending up in a 450+/- trading range. Currently we are at the top of that range, so I am expecting another pullback. The DJIA will peg another X on its chart today for yet another higher high, which is definitely bullish. A move to 8100 before a pullback, would indicate (to me) that it is breaking out of its trading range and I would probably be a little bit more bullish. So I think we are getting the same reading??? Tom

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