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


To: james ball who wrote (7489)9/20/1998 7:23:00 PM
From: FishbackJ  Read Replies (2) | Respond to of 34816
 
<<Jan asked me to respond. Yes the Dow could test a new bottom, but it tested a new top in July as the BP continued marching down. Those that played or waited for the test of the top in July were behind the 8 ball all the way down. Think about it for a second. T >>

Thanks Tom, I just keep thinking about what you say in your book about ignoring all the bad news around at the bottom.......It's just that I've never heard so much of it at once, and much of it seems poised to worsen. Last year we had a "V" correction, and it seemed like the nysebp *lagged* the bottom by a week or so. But I've never seen a bear market up close before, so I guess I'm just going to have to take the word of those that have.

Thanks again,

Dick