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

To: Craig Monroe who wrote (1727)3/12/1998 9:12:00 PM
From: Ms. X  Respond to of 34810
 
Hi Craig,
Those are trading bands.
If at the top you can assume the stock to pullback and if at the bottom you can assume that to be a low.
Does that make sense?

Jan



To: Craig Monroe who wrote (1727)3/15/1998 5:47:00 PM
From: lobster  Respond to of 34810
 
Craig,

Top, medium, bottom refer to the distribution on the bell curve. Top = 100% overbought, medium=equal distibution, and bottom=100% oversold.
Remember, these bells will have tails in either direction. I believe LU is above the top and the curve will soon have to be adjusted up.

Later,

lobster


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