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

To: Paul V. who wrote (8186)	10/3/1998 9:11:00 AM
From: james ball	Read Replies (1) \| Respond to of 34811

Paul, the NYSE has lost 4% Through Thursday last week. It should hold up. The Option Stock was within a fraction of turning over again. This to me only sets up the potential for a bull confirmed reading at a low level which we have only seen once before in 18 years. We did a major write up on answering your question in full, three pages worth full, in Mondays report for the prfessional service. In a couple of days we will put it in the individual service, From The Analyst. You will want to keep it for further reference. Tammy did the research. IF we get a reversal; in the NYSE thats ok, the last one we got at a low level like this, ie. 87 was short lived like only a couple of weeks. The reason is many stocks have been wiped out and are at lows. they reverse up, waffle around and give a buy signal. then selling pressure comes back in and he bottom is very near the buy signals so it doesn't take much for it to reverse a few ponts and hit the sell. America is still the place to be and will be through the 21st century. WE ALL GONNA BE ALRIGHT. Tom D