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Strategies & Market Trends : Point and Figure Charting

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To: Challo Jeregy who wrote (15027)	3/5/1999 9:48:00 AM
From: james ball	Read Replies (1) of 34811

Look at the chart. 104.05 is the last reading and a low pole warning is 105.8. Dow Utilities on an hourly chart breaks out at 300 it is now at 297 close. New Highs now 35 and would take over 100 new lows now not for the High Low to reverse. I can't see how it won't reverse now as the 35 new highs won't change now and right now we would need 143 new lows not to reverse up. Won't happen. So today we go long short term with stops. I gave a preliminary list you all have tons of stocks you like. Maintain stops and keep short term in nature until the longer term indicators turn up. If they do then great if they don't the stops will take care of your positions. follow stocks up with stops. Tom

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