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Strategies & Market Trends : Point and Figure Charting

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To: Smooth Drive who wrote (16342)	3/25/1999 1:34:00 PM
From: Lyn Benson	Read Replies (1) of 34824

Could you help me with MMPT? I got in at 35 after a brief pullback (but not reversal)from TT break at 37. It ran to 48, pulled back to 41 yesterday and looks like it will reverse back up to 45 with today's move. To protect profits, do I now move my slp to 40 (I simply had it at my entry point before)? It didn't retrace 50% so I don't see a HPT. If someone could help analyze this developing chart, I'd appreciate it. Thanks!

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