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

To: Hardline who wrote (11639)12/17/1998 1:25:00 PM
From: james ball  Read Replies (2) | Respond to of 34808
 
No Hardline it is not necessarily better. What might make it better is the duration the stock continues to bump up against resistance before it breaks out. The faster a pattern forms the better it is so this accelerated market we find ourselves in is even better for the P&F chart. I would not call the Quad. top much different from the Triple top. There are many more considerations that must be evaluated before any breakout is taken. Like field position, sector field position. fundamental condition of the stock, relative strength etc.
Then the management of position must be determined. What to do when things go right and what to do if things go wrong. The plan them must be adhered to. Tom



To: Hardline who wrote (11639)12/17/1998 3:31:00 PM
From: Lost1  Respond to of 34808
 
J. B and Hardline --re-RX..Doesn't Support and Resistance seem to be converging.. We expect a breakout one way or the other, but which way is more likely?..Isn't this a less than ideal situation? Are there better plays? Still learning here in Tx. Thanks for the input.

lost once


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