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

To: Bwe who wrote (6532)	9/1/1998 7:11:00 AM
From: freelyhovering	Respond to of 34811

Bruce and Eric--Thanks for the informative tutorial. Continuing to look at MTC for a moment, if you will, notice that it almost gave a sell signal yesterday, coming down to 53 1/16. In the process, it flattened out its ascending pattern and now has a double bottom. When stocks break out strongly like MTC did and then come all the way back to their base, how often do they fail in the bullish mode? It bounced from this support back to 55, but with a strong down market that is highly probable this a.m., I am wondering if it can hold. Are there any studies that fit this scenario. Of course these are extraordinary times, but how about in quieter markets, can the ascent generally continue with this kind of pattern? Thanks for your help. Myron