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Strategies & Market Trends : Point and Figure Charting

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To: Ms. X who wrote (12701)	1/13/1999 12:27:00 PM
From: Tulvio Durand	Read Replies (1) of 34824

Jan, I need help in interpreting P&F. Tomorrow's charts will be giving "sell" signals on three of my stocks, CSCO, EMC, NSCP. I have held CSCO since 1992 and am not about to sell it now, regardless of its breaking double bottom. EMC broke double bottom even though it'll probably finish higher for the day. NSCP broke triple bottom and, instead of selling I bought more near bottom as day trade. I feel that P&F "sell" should be discounted when market momentarily tanks and recovers as it did this morning. But I see no exceptions in Tom Dorsey's book. What says P&F Madness as to the validity of this "sell" signal? What would you do with these stocks? Thanks. Tulvio

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