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Strategies & Market Trends : Point and Figure Charting

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To: james ball who wrote (13468)	2/3/1999 1:11:00 PM
From: leslie jo	Read Replies (1) of 34810

Tom: Can you explain why the NYSEBP is classified as Bear confirmed: On January 26, it was classified as Bull Correction on the DWA site. During this time it has not fallen from above the 70% (making it Bear alert) or risen from below the 30% (making it bull alert). In March of 1998, it did fall from above the 70%, making it bear alert and subsequently bear confirmed. Then in October, 1998, it rose from below the 30%, thus making it bull alert and subsequently turning into bull confirmed after hitting a buy signal. In December, 1998, it hit a high of 60. Since it did not rise above 70, and subsequently reverse, shouldn't we still be in a bull correction mode? LJ

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