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Strategies & Market Trends : Point and Figure Charting

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To: dave b who wrote (20611)	5/29/1999 4:09:00 PM
From: james ball	Read Replies (2) of 34811

Another good question Dave. Don't you have to cut the lawn today or something? Just kidding again. Bull Correction can only happen with a reversal from bull confirmed. It is negative and tantemount to a green light turning flashing yellow. I say flashing yellow because the market has a basic upward bias. Conversely bear correction, is good because it is in X's but is tantemount to red light turning flashing red, again because the market has a basic upward bias. Bear correction puts you back on offense but stop at the intersection, look both ways and proceed with caution. Conversely bull correction suggests you buy stocks on pullbacks to support, less risk and more offense. Ok Dave, I want you to turn on Bowling now and relax this afternoon. Tom

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