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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: Dave Shares who wrote (21407)	6/17/1999 8:49:00 PM
From: Lost1	Read Replies (1) \| Respond to of 34812

David, I hope you didn't take my post the wrong way. I'm curious as to what the 'by the Book' approach is to this type of situation as I come across it often. RS @ 4.75 does,as you stated, reverse to X's. RS @ 6 would be the best possible occurrence. I think many people are jumping the gun with regards to this newest rally. I know we still have the offense on the field, but I'm a little wary of the current status. Some of the short term indictors lead me to believe that things might not be as great as the last two days have been for those long. A quad top break IS something to get excited about for sure. I'm fairly new to P&F myself and hope to learn as much as possible every day...this situation certainly qualifies as one area where I need some clarification. I hope you don't perceive my post as a knock on your pick...I assure you that it isn't. You've brought some good stocks to the thread and I appreciate it... Buena Suerta, Lost1