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Strategies & Market Trends : Point and Figure Charting

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To: Lee Lichterman III who wrote (7786)	9/25/1998 9:34:00 AM
From: Ms. X	Read Replies (1) of 34822

L3, Since you entered on the pretense of a rib... For one, the bullish percent is still moving up. It is very possible for the Dow to go one way and the NYSE BP to go the other. I'm sure everyone who follows the NYSE BP will do just fine if the Dow drops considerably. What the Dow does doesn't matter. I've been trading to the upside while the Dow has been floundering and I am doing just fine thank you. Just had to rib a little since I was one of those bears on the "other threads". Been saving this to see what happened over the next week. In answer, the NYSE BP was up another 2+%. The Dow was down. In May the NYSE BP was down and the Dow was up. Which ended up being right? Perhaps wait on the ribbing until one has something to rib... I mean this in the nicest of spirits. Just using it to try and clarify. Besides, we have never taken the stance that things couldn't change. All we said is we take it as it comes. I'll turn on a dime and become a bear if the NYSE BP turns. Until then, I'm trading the upside. I do recognize you noted that we are probably right longer term. We will see L3. It can turn but I'm not going to predict. Most can't trade the volatility effectively and their investments are longer term in nature. Take care, Jan I am

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