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

To: Stoctrash who wrote (8362)10/7/1998 12:23:00 PM
From: Jerry Olson  Read Replies (2) | Respond to of 34811
 
Fredie

DELL makes a triple bottom break if it prints 52...suport is 54-55, depends on the makets right now...

Now Tom D, has the NYSEBP reversing down from 30% to 24%, this event hasn't happened but once in 18 years...

it means we stay defensive, till it confirms a reverse UP...would take 6% move in the indicator...

BTW i'm loving DELL going lower...i do have a game plan for that stock...<g>...



To: Stoctrash who wrote (8362)10/8/1998 5:13:00 AM
From: genaro  Read Replies (2) | Respond to of 34811
 
what happend that "other time" in the past 18 years??
What year was that "other time"?

According to this newbie, and page 105 of the book, in '87 in August the NYSEBP dropped from 70 to 8% in October. In the same month, it reversed up to 30% till sometime in November and reversed down to 20% into December. During December of '87 from a 4 box reversal, it went straight up to 74% within 3 months. Nice ride...
FWIW


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