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Strategies & Market Trends : Point and Figure Charting

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To: james ball who wrote (8328)	10/7/1998 9:18:00 AM
From: james ball	Read Replies (4) of 34811

Ok, NYSE reversed today to 24% as did many sectors. This is the second time in 18 years this has happened. I view it as positive as it sets up the potential for bull confirmed reading at a very low level which does not happen often. The same has happened to many sectors, where they have reversed down and set up potential bull confirmed readings at low levels. Ok to buy quality stocks that are breaking out off the bottom like KO, WY, UCC, and many other cyclicals. Some of the multi nationals like PG and CL are bottoming out and giving buy signals. Use stops actually entered as fail safe's. Tom D.

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