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

To: iGregor who wrote (3117)	5/22/1998 10:28:00 AM
From: wizzards wine	Read Replies (2) \| Respond to of 34811

Hi East Pole, It is necessary for the stock to reverse into a column of O's to be considered a pull back. We would really like it to pull back to support for the best risk to reward ratio, but this would depend how high above the support line the stock is currently trading, and what the RS is saying. Hope that helps. Later Preston

To: iGregor who wrote (3117)	5/22/1998 10:30:00 AM
From: Ms. X	Read Replies (3) \| Respond to of 34811

Ji EP, It has to be in O's. The standard pullback is three boxes but often that isn't enough of a pullback for a good risk reward. Commonly used it the area of last resistance that it surpassed, as support. That would be the pullback level. Example: "standard" pullback X X X O X O X O X O X O <--Three box reversal (pullback) X O X X O X Example: Pulling back to support X X X O X O X O X O X O X O X O X O X O X X X O X O <--Last area of resistance X X O X O X O X good pullback area. X X O X O X O X X O X O X O O X O X O X <--Stop loss (triple bottom break)