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

To: Nanchate who wrote (22118)	7/1/1999 3:48:00 PM
From: james ball	Read Replies (2) \| Respond to of 34811

Nanchate, When updating a chart you want to stay in the same column if possible. In this case the chart was in a col. of X's up to 12. It traded lower early but the strength late in the day caused it to hit 12 1-2. When charting we first look to see if we can continue in the col. we are in. In this case we could because the stock traded a 12 1-2. Therefore there was no reversal down. Had the stock not reached a high of 12 1-2 then we would have reversed. jay