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Strategies & Market Trends : Point and Figure Charting

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To: Bwe who wrote (11787)	12/20/1998 8:47:00 PM
From: ViperChick Secret Agent 006.9	Read Replies (1) of 34818

Question: Someone had a stock on here recently that had formed a bullish triangle. I don't remember which one at the moment, but I did print it out so I will look later. In the Cohen book on page 24 it is suggested that this formation ( well it has to be a bullish symmetrical triangle) is profitable 71.4% of the time for an average gain of 30.9% with an average time of 5.4 months. Of course, with this kind of market it might be more like 5.4 days. Seeing as how I haven't got my Tommy D book yet as I don't open presents early: Are these kinds of percentages still applicable for the bullish triangle?

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