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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: isopatch who wrote (28056)	2/12/2003 7:31:53 PM
From: Frank Pembleton	Read Replies (2) \| Respond to of 36161

Isopatch... I thought it would be interesting to take a look at a chart that's playing out a classic textbook pattern. stockcharts.com[w,a]wbolyyay[de][pc13!d20,2!f][vc60][iut!le12,26,9][j10242825,y] Note the length of the topping patterns... major tops always act in slow motion (enuff to keep people needlessly bullish)...as circled, bottoms are a different story-- did you say falling safes? Both tops are of similar duration, so I don't think a run at 100 is totally unreasonable. Also note that the PPO crosses over about every 5 to 6 months. If it all plays out in a smooth gradual way it looks as though our next buy point will be in August. It certainly fits the fundamentals of the situation. Regards, Frank P.