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Strategies & Market Trends : Point and Figure Charting
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To: james ball who wrote (8523)10/8/1998 5:19:00 PM
From: J.T.  Read Replies (1) of 34816
 
Tom, Great job on "the box" this afternoon. You are dead on when you say to "get religion" and have conviction in whatever methodology you utilize. The papers are acting very well as you point out with UCC and IP as good examples. I would like to add that KMB has recently formed a base and is turning up nicely in here. Even though I am raising cash into mini-rallies in here, there is plenty of opportunity abound like Dell we picked up at 41 - 42 area for long-term accounts. Our strategy was simply to have a strategy in play before we bought that we are going in to average down at 33 area if the selling continued unabated... Anyway, I look forward to meeting you in Chicago at the end of the month... JT
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