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

To: Giordano Bruno who wrote (5780)	8/13/1998 6:21:00 AM
From: Bwe	Read Replies (2) \| Respond to of 34811

Jim...All along, Chartcraft has been forecasting Dow 8,000-8,400 and they feel the lower end of that range is likely. Chartcraft also has pointed out that the Dow 50 x 100 chart has a downside price objective of 7,700 and they have not ruled out that possibility. As far as the sheer number of Selling Climaxes and the relationship to forming a bottom, I remind you of the 208 Buying Climaxes that occurred on 4/28 with the NYSEBP reversing down a bit more than two weeks later. Certainly something to keep an eye on. Take care, Bruce