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

To: FishbackJ who wrote (7490)	9/20/1998 8:31:00 PM
From: james ball	Read Replies (1) \| Respond to of 34816

Dick, don't spend so much time trying to figure out things that remain transparent until after the fact. Play your hand well, and that's all one can expect, unless you have a crystal ball. As for the bullish percent lagging the bottom by a week last year. What difference does that make, even if it did. Benard Baruch once said he was not interested in the bottom or top 20%, He focused on the middle 60%. Earl Blumenthal always toe dipped at bottoms planning to average up as things developed. Nothing is perfect, but I have not seen anything close to the bullish percents for guiding investors who are interested in playing the game well rather than predicting exactly where tops and bottoms are made. The dollar cost averager will probably do much better than bottom fishermen. If the bullish percent reverses quickly back down, who knows if it will or not, them fine, play your hand accordingly. Don't lament that the bottom was not caught on that move. Probe like Blumenthal. Throw a few jabs, and hold the right cross for later. Tom