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

To: Ms. X who wrote (4988)7/22/1998 5:15:00 PM
From: Paul V.  Read Replies (4) | Respond to of 34811
 
Jan, Duke and others, Even point and figure charting can't project the
downside of a stock sometimes. Look at the CA chart two days ago and
you will see that it broke a triple top of $59 and hit $61 and within
the med range on the DW chart. DW had it rated as:

Symb Price Sector & Status RS Sig RS Col Trend P&F Sig Mom Mom Wks Ptrn

CA 57-1/2 Software Bull Confirmed 44+ Buy X + Buy + 4 Triple Top

Did you or others see anything in the ca Chart, etc. which I have
overlooked that would have indicated such a drop from $61 two days ago
to a low of $37.125 today, a drop of $23.875? I sure did not see it
coming.

Just trying to increase my skills and projections.

Thanks for your info.

Paul V.






To: Ms. X who wrote (4988)7/22/1998 6:15:00 PM
From: R Stevens  Respond to of 34811
 
Dear Ms. P&F,
aka:Jan the reversal Princess I am (please don't get me excited with that kind of talk)

Thanks for the clarification on finding the "RS" stocks.

I would offer you #1000 on "my" thread but we just missed it.
One of Judy's favorites, Market Gems is coming up on 12000, you could try for that one: Message 5280358

;)


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