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Strategies & Market Trends : Point and Figure Charting

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To: Smooth Drive who wrote (11124)	12/8/1998 8:48:00 AM
From: Jerry Olson	Read Replies (1) of 34820

Hello Eric Yes MSFT has been "THE" behemouth of all techs IMO...a powerful monopolistic co.<g>.. I love the visual of charts...it really helps novices like me "see" the whole picture, not just the recent moves in a stocks history... Eric, if you'll take a moment and think about my general thoughts on all stocks that breakout... In general most traders feel if a stock has hit a new high, they should sell it...everyone is afraid to "chase" these types of stocks, because of valuations...they always say to me..."how much higher can it go"??... Eric, how the heck did it get there to begin with???? so I feel that playing at the top, with the best of the best, is the safest & most rewarding trading style of all... why bottom fish beaten up negative stocks that are down there for a reason...buy the good stocks, proven in there ascent, because they are making money!!!! some of my best plays are chasing Big Cap stocks breaking out of all time new highs... Thanks again for your constant efforts here to inform the uninformed.. My Regards, Jerry

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