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

To: Ms. X who wrote (22651)	7/25/1999 1:52:00 PM
From: James Strauss	Respond to of 34811

Currently the NYSE BP is in X's and we remain long term positive but short term negative. Meaning, there will probably be pullbacks and volatility. If the NYSE BP turns negative then we are on defense and will probably see the market, including the Dow, decline. Etc etc etc. I could yak forever on the subject. Watching the Dow is interesting but watching the PnF indicators is imperative. Jan: I like listening to you Yak... : > Jim

To: Ms. X who wrote (22651)	7/25/1999 3:06:00 PM
From: Eagle	Read Replies (1) \| Respond to of 34811

Loved your scooter story.... I suppose we'll hear if you got your $200 back in a later post! Anyway, since it's the weekend I have a P&F classroom kind of question. LPTI is listed as a shakeout in the current pattern list at DWA. THE book says that (p.50), for such a formation "the relative strength must be on a buy signal". Such is NOT the case here and so I'm wondering why DWA classifies LPTI as a shakeout? I know...picky...picky....picky...<g>.... Hey, I didn't write p.50!