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Strategies & Market Trends : Point & Figure - Beginners (Real Green) -- Ignore unavailable to you. Want to Upgrade?

To: quote 007 who wrote (62)	12/28/1998 2:13:00 PM
From: chartseer	Respond to of 322

Your thinking about shooting against the BRL whether real BRL or imaginary Brl is the way I play this game. Only I try to go with the trend rather than against it. Long a few Dow Calls with year end bounce due about soon. Bought MMM Jan 00 calls as this is not only a DOG but I sort of see (r) a double bottom in the making. Not the purest way I know but when playing options you can t afford to wait for a buy signal. So I sort of anticipate the pattern some what. But you have to be able to change direction quite fast. Cut your losses fast before they grow. Happy trading Chartseer

To: quote 007 who wrote (62)	12/28/1998 2:43:00 PM
From: chartseer	Read Replies (2) \| Respond to of 322

Hi again Stu! I agree with what Jan said about studying charts of stocks for previous patterns. I especially like to study charts where patterns fail. Look at the chart of CBRYA. A week ago this issue had a very bullish chart then the bottom fell out. I was almost in this issue because it is a typical pattern that attracts me, a deeply discounted turnaround, moved through the BRL and gave several buy signals. What more could you ask for? And yet the issue collapsed. Watch yourselves! Chartseer