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

To: wizzards wine who wrote (9859)	11/22/1998 10:44:00 AM
From: TradeOfTheDay	Read Replies (2) \| Respond to of 34809

Preston, I'm a newbie to P&F , and have been reading my book as fast as I can , but haven't come across this answer yet. You mentioned that we would want to wait for a PULLBACK in a chart that had given us good indications. What constitutes the PULLBACK ? Should it pullback to the bullish support line? Reverse to Os ? Pullback to a standard TA S&R support? As an example , I am looking at VISX. It was a triple top on 9/18/98. Had another triple top 11/16. It just reversed to Os , but is still trading well above it's bullish resistance line and it's bullish support line. Is the reversal to Os what I would be looking for ? Or should there be more of a pullback ? Thanks for any help - enjoy reading your helpful posts - as well as all of this helpful group . An absolutely super thread! BTW - still waiting on getting Tom to come to Texas !! Bev