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Strategies & Market Trends : Point and Figure Charting

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To: PaddyD who wrote (13465)	2/3/1999 7:27:00 AM
From: james ball	Read Replies (2) of 34810

Paddy, you must be looking at a different Dow Jones 20 Bond average chart than I am. The only sell signal in that chart in 1997 was March. We went long on a low pole in June and have been long bonds since then with no interruption. You are right in that we will experience a sell signal at 106.00 and that would be a major negative. The Utulity averages have all broken down and the UTIL BP is near sell signal and BP went to Bear confirmed today. All this suggests even more caution. I have already restructured my accounts last week on the reversal in the BP. and Now the market can do what it will. Drive a straight line Paddy. Tom Dorsey

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