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


To: Ms. X who wrote (657)2/13/1998 5:50:00 PM
From: Pierre  Read Replies (1) | Respond to of 34817
 
Can you get those bears trapped by Friday?

Pierre



To: Ms. X who wrote (657)2/13/1998 7:36:00 PM
From: wizzards wine  Respond to of 34817
 
Hey Jan,

Thanks. Just after I sent the last msg, I reviewed the msg's I hadn't read. Saw Allens and looked in Tom's book. All made since. Lets trap those bears and keep going uppppppppppppp!!!!!!!

Great Call
Preston



To: Ms. X who wrote (657)2/14/1998 4:41:00 PM
From: wizzards wine  Read Replies (1) | Respond to of 34817
 
Hi Jan,
Would you look at SUNW again? Tom's defination of a "Bullish Signal Reversal" is a patterrn of seven columns of rising bottoms and tops- then when the last top is made in the seventh column, the stock reverses to give a Double Bottom sell signal. Page 59. "PaineWebber put SUNW on HOLD" on friday afternoon.

His bear trap says that after a long period of decline and is trading at a level where it has found a bottom in the past. Page 62.

This sure looks more like a "Bullish Signal Reversal" , especially considering Tom's comment about insider knowledge, ie perhaps PW sold their position before issueing the HOLD.

Just my thoughts, another look by the expert would make this humble learner feel better.

Thanks
Preston