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

To: wizzards wine who wrote (10146)	11/24/1998 9:50:00 PM
From: Paul V.	Respond to of 34811

Wizzard,It's on a positive breakout, and looking strong...so as long as the market and the sector stay positive, and you keep up with your stops it looks ok... The problem with AMAT during its 1996-97 up cycle was that the shakeout pattern got rid of many just to resume its up cycle to $108. The shakeout pattern must have occurred approx. five times before it reached its high of $108 presplit. To me the shakeout pattern catches many DW TA er's with AMAT. Do you, Tom or Jan have any ideas how to protect oneself from the shakeouts while effectively using stops as the stock continues to move up to our projected $62 to Max. $101.50 high absolute standard deviation? I am fearful of being stopped out and then not able to catch up. Just my opinions. Paul V.