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

To: lobster who wrote (3066)	5/16/1998 10:15:00 AM
From: Ben Antanaitis	Respond to of 34811

lobster, I don't track HWP, but I'll download some historic data and take a look. BTW, I do use 3 box reversal and all the same chart patterns, it's just the box scaling calculation that is different. Ben A.

To: lobster who wrote (3066)	5/16/1998 7:03:00 PM
From: Ben Antanaitis	Read Replies (1) \| Respond to of 34811

lobster, I downloaded the data and took a look at the EZ-PnF chart 2% log chart. HWP was at an 'interior' bullish resistance line, but well within the overall bullish trading channel. The fact that it was at a resistance line should have generated caution and should have told one to check to make sure their stops were in place. But there was nothing to indicate that HWP was going to drop a bomb. The way the stock gapped/dropped, I would guess that many folks got their stops blown through anyway during the overnight looting that takes place via Instanet.... :-( I posted the hwp EZ-PnF chart at pipeline.com Ben A.