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Strategies & Market Trends : Point and Figure Charting

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To: Smooth Drive who wrote (19027)	4/24/1999 8:28:00 AM
From: Diana	Read Replies (1) of 34808

Good morning, Eric, Thank you very much for the, as always, super instructive lesson. I appreciate you taking the time to straighten out my misperceptions. My error was in not knowing >>A Bear Trap occurs when the chart signals a triple bottom sell signal and the last column of O's doesn't go even one more box lower and then reverses up.<< I thought the key was a quick breakdown and recovery back into a column of Xs. I did not realize that there was a restriction on the number of Os allowed nor that a buy signal had to be generated. I love this Piffing. It always makes sense . . . once one knows what to look for. You're the best! Diana

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