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

To: Judy who wrote (8684)	10/13/1998 4:54:00 PM
From: Mr. BSL	Read Replies (1) \| Respond to of 34811

Hi Judy. Is that the P&F Michael Burke or the Michael Burke on the thread?

To: Judy who wrote (8684)	10/14/1998 6:39:00 AM
From: Bwe	Respond to of 34811

Good morning, dear Judy. I thank you for thinking of me with regard to EMC and PFE. Time is short so i'll have to make it brief. PFE's trend line break that I discussed at great length a short while ago was the final straw for me in that stock. Breaks of long term Bullish Support Lines, more often than not, warn of impending danger ahead. When BSL's start breaking all over the place in a particular group (like the banks in late July, early August), the trendline breaks take on added significance. My chart's BSL did not match up with DWA's which had the BSL around $79 or so. I followed my instincts and trusted the Chartcraft chart and the BSL break took me out of the stock. With regard to EMC, I'll post on that stock later. In short though, how a stock reacts after a BSL break is often an important piece of the chartist's picture. I'll detail later. Speak with you soon. Bruce