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

To: Smooth Drive who wrote (12763)	1/15/1999 6:18:00 AM
From: Bwe	Respond to of 34809

Good morning, Eric. Your p&f posts are a true highlight of this thread. Your effort is greatly appreciated. My two cents worth with regard to PG. I'd be watching for the beginnings of a Broadening Top formation. The stock is not a classic example of the pattern, however, it does show some potential. Also in the just missed category, is a Bullish Shakeout Reversal, but in that case, it's close enough to merit consideration. The first three box reversal to $87 would be a good buy signal, IMO. The 200 day MA is at $84.47 and the 150 day MA is at $84.49. Buys on pullbacks to the 30 week moving average is one of the true p&f axioms. Thanks for bringing PG to the threads attention. Bruce

To: Smooth Drive who wrote (12763)	1/15/1999 8:22:00 AM
From: chartseer	Read Replies (1) \| Respond to of 34809

Hi Eric: Hesitant to say I don t like the chart in PG. To me it is a sell signal. How much of PG's business is in Asia and Latin America? Devalued currencies unless hedged may hurt their bottom line. May be that is what the sell signal is trying to tell you. Just my opinion and I could very well be wrong once again. Unlike Lost only once I have lost many many times. Maybe I should rethink my thoughts since you and Bruce seem to be bullish on PG. Maybe that is why I am behind the curve once again, Chartseer