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

To: Ms. X who wrote (8285)	10/6/1998 4:41:00 PM
From: Dennis J.	Respond to of 34824

Jan. This Dow formation looks like the Bullish Signal Reversed pattern on p59 of "The Book". The text says to enter your sales/shorts/puts on the first DB break. That would be at Dow 7850. The text goes on to say that covering the short on the first reversal back up is also a good idea. So you just had a profitable short trade! But that leaves the Dow on a bearish signal? Best to stand aside for a while? The text concludes by saying that such a formation doesn't come along often, but when it does, take action. I love p&f, but I still hate October(s). Dennis