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

To: The Perfect Hedge who wrote (7162)	9/12/1998 5:59:00 AM
From: Bwe	Read Replies (1) \| Respond to of 34811

Mornin' Beebs. Peregrine Systems (PRGN) has a High Pole Top (HPT) right here at it's present p&f chart position. Bad news. HPT's are not to be fooled around with when the NYSEBP is bearish. The HPT implies that recent highs are likely to stand for a while. Good chance of a move below a previous bottom ($27). The long term trend of the stock is considered bullish. PRGN has bullish RS and is trading above it's BSL. The HPT says other stocks are better. JMHO. Take care, Beebs. Bruce