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

To: H.W.Melle who wrote (5107)	7/26/1998 3:42:00 PM
From: chartseer	Respond to of 34811

first item: Congratulations Peggy, you really left the competition in the dust. Second item; Horst on the NOVL chart the number 7 at the top of the column is not the breakout. The number 7 was the first entry in july the seventh month( thus the seven) The first entry of any month is the months number irregardless if it is Xs or Os. I bought the stock back in February @ 9 1/4 because the chart seemed to have moved sideways through the line drawn from the top of the X in Nov the BRL (bearish resistance line). The chart also has that big W significant of a double bottom that I just love. Do you see the X above the 2 in my humble opinion that is the breakout and buy signal. Did you notice that each move up and each move down since then has higher tops and higher bottoms, that is my conformation that my original assumption of a buy signal was correct. Now I stay long until I get a sell signal . I t does not matter to me what NOVL does as far as their product I just look for chart patterns especially big Ws. Over the years caught some good movers just flipping the pages of Chartcraft looking for Big Ws. Of course there are many other pattern to watch for i m just partial to the big W. Happy charting