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Strategies & Market Trends : Point and Figure Charting

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To: Challo Jeregy who wrote (14498)	2/22/1999 10:27:00 PM
From: james ball	Read Replies (2) of 34811

Challo, Im not sure I could understand your question. Perspective was given this morning on this thread. We went long the market on the first reversal up I believe Sep. 17 1998 and said that it would be perfectly normal to see it fail to produce a higher bottom with a second reversal. This has happened in the past and it happened in 1998 as advertised. I think you will find that Jan follows your professional report and this is why on Sep. 16 she was going long. Yes the BP generally has hit 30% every 4 years on average. Average means not every four years but on average every four years. This may be a time it goes there two years back to back. If you are suggesting that since it goes there on average every four years therefore it cannot go there two years back to back you are mistaken. Anything is possible. Im not sure if this was any help, I just tried to find questions in the statements you made. For persepective see post this morning, from the analyst for tomorrow and long discertaion in the professional version for tomorrow. I'll be gone rest of week so unable to post until next week. Tom

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