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

To: Ms. X who wrote (12762)1/15/1999 9:15:00 AM
From: Hardline  Respond to of 34824
 
<Remember that often the first sell signal in an uptrend is false >

Follow-up question -

Does a new buy signal reset the chart so the next sell signal is false again?

For example:

AMGN gave a sell signal at 74 then a buy signal at 80 but another sell signal at 75. Would that sell signal at 75 be considered false?

Thanks
Hardline



To: Ms. X who wrote (12762)1/18/1999 4:37:00 PM
From: Hardline  Read Replies (1) | Respond to of 34824
 
I would like some P&F guidance on WLP. They just gave their first sell signal after a nice run up. Still well above their BSL.

The stock took a hit because a Medicare ruling was due out Friday that will impact the health care market. WLP has very little exposure to Medicare so it appears they were just caught in the sector down draft.

I do not currently own WLP but am looking at reducing my international exposure.

Thanks
Hardline


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