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Strategies & Market Trends : Point and Figure Charting

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To: Jorj X Mckie who wrote (8411)	10/8/1998 5:50:00 AM
From: Bwe	Read Replies (1) of 34812

Good morning, Tom. I don't believe we have ever exchanged messages on the thread and I wanted to answer your question. I've been going on forever of late and I'm going to keep it short. I'm going to try at least...... In order for a break of a BSL to be considered valid, the trend line break must occur while the stock is on a p&f sell signal. That's the bottom line. If I were to make a Ten Commandments of p&f charting, somewhere in there would be: "A penetration of the BSL shall not be considered valid unless accompanied by a sell signal" CSCO at $43 on the chart, is in a bearish catapult situation and any break of the BSL would currently be considered valid. Taken one step further, valid trend line breaks alert us to continued weakness and a change in the long term trend. Speak with you soon. Bruce

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