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

To: Judy who wrote (11543)	12/15/1998 6:30:00 PM
From: chartseer	Read Replies (2) \| Respond to of 34811

Because of my negative bias of the DJIA and DIA I see GE as a double top. Similar to the DJIA. I often draw in a trendline with a ruler and GE is below that drawn in trendline. Not standard DWA practice I know but right now I see everything as negative. Bought puts in UTX today. Not leaps either. Maybe Bruce would be better able to give you an unbiased opinion of GE. I m waiting for the sell off to continue or for DJIA to signal uptrend started. Right now I believe the trend is still down. Twelve of the 30 DJIA stocks look like they are going lower and I can t see a rally under those circumstances, Happy trading Chartseer