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Strategies & Market Trends : Point and Figure Charting

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To: james ball who wrote (8261)	10/6/1998 8:39:00 AM
From: james ball	Read Replies (2) of 34811

Our internal numbers suggest no reversal in the NYSE Bullish Percent. Still about 1.1% away. The Option Stock has reversed suggesting stops must, must be placed and adhered to. Stocks that have been blasted and are still above the long term trend line can be averaged in on the first buy signal as long as the fundamentals have not changed. Bottom fishing candidates might be HPC, UCC, MMM, and look at AA chart. In this market stop limits might bet the best course of action rather than regular stop orders as the stop order could be elected substantially below your intended out. Limts allow the stock to open through your stop without taking you out at potentially the bottom. Tom D.

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