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Strategies & Market Trends : Point and Figure Charting

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To: Jerry Olson who wrote (10402)	11/29/1998 2:36:00 AM
From: Dennis J.	Read Replies (2) of 34811

Jerry. I note with interest your discussions re DELL. TD and others put all their eggs (small caps, <g>) in the P&F basket, and would wait for a direction-defining break of the triangle at 61 down before selling. I have said before that candlestick reads may help fine-tune exits. From Nov 11 forward, candles have been negative. A gap up followed by two black crows has happened before in DELL on 9/29, which then moved sharply lower. While I am not an expert on Sperandeo's 2b Rule (Turtle Soup in Street Smarts), I believe it was violated both times on 9/29 and 11/12. Under this rule, you would be gone on 11/12. DELL now sits below my 4,9 and 18-day ma's, and looks to continue lower. While taking nothing away from the beauty and accuracy of P&F, I think P&F and candles make a great team! Loved your call on EGGS. Sorry I didn't catch on early enough. Congrats. Dennis

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