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Strategies & Market Trends : Point and Figure Charting

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To: Challo Jeregy who wrote (12379)	1/7/1999 8:33:00 PM
From: Judy	Read Replies (1) of 34809

Hi, Challo I am not a P&F purist, but employ other technical methods for momentum and position trading and select stocks for investing based on historical supports and resistances, relative valuation, fundamentals, and market/sector dynamics. P&F serves as secondary confirmation indicators for me, that is, whether to hedge or take profits when multiple factors are not stacked in my favor or to leverage up if things are on my side. As for NT I hold a partial position in shares and am deciding when to apply leverage thru leaps. I will set my strike slightly above the breakout point, say 55 (need to check my charts). My price target is not based on the P&F PO but rather on the developing fundamentals. But I correlate technical price objective with fundamental price targets over the duration I hold the position. Normally when I post about a stock on this thread, the position or strategy has already been initiated some time ago.

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