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

To: Ms. X who wrote (7689)	9/23/1998 11:05:00 PM
From: Ms. X	Respond to of 34811

Oh... Since there is still yackin' about whether or not the Dow or "market" will have another pullback, I submit the following. We here in P&F land never have said there would never be pullbacks. In fact we love pullbacks. One of our favorite words. We can remain happily running plays while the Dow is pulling back. I mean, just give us another reason to buy when the NYSE BP is in Bull Alert! For those interested in the Dow, support level is at 7750. That is a 404.41 drop from where it closed today. In other words, it would take a drop of 454.41 points to break support. I know if this happened people would ask if the NYSE BP reversed down again. Don't know but my guess is probably not. You realize this means if the Dow drops 450 points I don't loose any sleep. I think we are sittin' pretty folks. I'll turn on a dime if the NYSE BP reverses (No, I'm not seeing that happen especially since it was up another 2+% this week.). I really couldn't care what the Dow does unless I invest in the Dow 30 sometime here soon. Take care, Jan I am