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Strategies & Market Trends : Point and Figure Charting

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To: james ball who wrote (16301)	3/24/1999 1:38:00 PM
From: Judy	Read Replies (2) of 34810

Tom, it's appropriate the P&F BP for semis stayed neutral. The semi equipment maker btb was ok, not great. It was 1.17 not because bookings were increasing and shipments strong, but because bookings were holding and shipments lessened. Semis consolidating. We'll see a clearer picture when MU reports today. "Neckline" refers to part of the Head & Shoulders pattern in classical TA ala Edwards and Magee. H&S patterns are often difficult to see and takes about six or more months to complete. H&S is a bearish pattern, whereas reverse H&S is bullish.

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