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

To: Ms. X who wrote (2748)	5/2/1998 11:00:00 AM
From: Lucretius	Read Replies (1) \| Respond to of 34810

anybody else notice the head and shoulders that looks to be forming in BKX? Still short CCI, what's the read P&F? -Lucretius

To: Ms. X who wrote (2748)	5/2/1998 11:38:00 AM
From: Teddy	Read Replies (1) \| Respond to of 34810

Jannie, could you P&F AT&T(T) for me please. i think i might want to buy some, if it is done going down. BTW, Tom's BLACK GOLD thing is good. Thanks for posting it.

To: Ms. X who wrote (2748)	5/2/1998 10:14:00 PM
From: Smooth Drive	Read Replies (2) \| Respond to of 34810

Hi Jan, First, a big THANK YOU for relaying to Mr. D the desire by a number of us at SI to have relative strength charts added to the cheap seats at the DWA site. If that comes to pass, I will sing your praise for ever and ever and nominate you for the monthly SI Most Influential award. Since you have ma main mentor's ear, perhaps at a convenient time you can ask his thoughts on constructing the bullish resistance and bearish support lines. I ask this because I hand chart a number of stocks, and create the referenced trend lines as taught by Michael Burke, from his book "Point & Figure Construction and Formations.". His was the first P&F book I read and thus, have always constructed them his way. Burke instructs that the bullish resistance line needs a wall of O's to construct (at least two) and the bearish support line needs a wall of X's to construct (at least two). Mr. D's reference to creating these two trend lines requires a "Wall" but, it doesn't specifically require two. Also, one of the examples from his book depicts just one X as a "Wall". Thanks, and have a great weekend. Eric