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Strategies & Market Trends : Point and Figure Charting
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To: Jorj X Mckie who wrote (8739)10/16/1998 3:07:00 PM
From: Judy  Read Replies (2) of 34811
 
Tom,

First you should think about what a series of rate cuts means for capital expenditures and the near-term impact on foreign spending. Second, I said to wait to see if DOW 8100-8200 would be taken out before shorting into strength. Third, previously I posted to short XRX into strength but set a stop at 93. It's a market call now.

Lastly, XRX was a fundamental short and one should not expect it to fall apart quickly.
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