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

To: Judy who wrote (9724)	11/16/1998 5:38:00 PM
From: Bwe	Respond to of 34806

The po for INTC by way of vertical count is $103, so the stock has exceeded the po on this current go around. The po was arrived at by finding the lowpoint reached from the last sell signal which was $76. The very next column of X's next to the lowpoint is the column used to compute the po. There are 9 X's in that column. We multiply that number by 3 and add that result, $27, to the $76 low. Hence $103. A Bullish Resistance Line was also surpassed at $101 during this great run of 21 straight boxes up crossing over 2 price scales. I believe the stock is due for a pullback. The first 3 box reversal is a traders sell after a run of 20 or more boxes straight up. Take care, Bruce