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

To: ViperChick Secret Agent 006.9 who wrote (4052)	6/25/1998 5:45:00 AM
From: Bwe	Respond to of 34805

>>but what is a general extreme that shows you are nearing a top or bottom I know that is difficult to judge, for sure but just in general what has been your observation<< Lisa...those 208 BC's were a record. After seeing the data for a while you'll be able to tell, but it really depends on how the market itself is going. In an average week you can have 40-60 BC's and 3-20 SC's. BC's and SC's are also most useful in helping to discern groups that are topping or bottoming out. In Sept/Oct many, many oil service stocks had BC's while I recently wrote about 4 tobacco stocks that had SC's all in the same week. As with most of the p&f indicators, it's reversals from the extremes that are a call for action. Thanks also for your continued encouragement. Bruce