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

To: Bwe who wrote (12984)	1/24/1999 10:58:00 AM
From: quote 007	Respond to of 34811

bruce, thanks for your response--i have read and reread aby's book-still trying to grasp the concepts-- i read dwa's morning call every day--i don't think i have ever seen a mention of high or low poles??? why is that?-are they not important? would you be so kind to tell me how you go about evaluating a stock?? from a point and figure perspective----also i am very very interested in finding stocks to buy puts on and/or shorting when the time is right--as i'm sure you know--stocks go down alot faster than they go up-- what i'd like from you bruce--if you don't mind--and have the time is how exactly you look at a chart--and what you find most important-realitive strength? momentum?high poles?low poles? etc? also,i have noticed alot of stocks that have made low poles than immediately make high poles---what does that mean from your experience?? examples: avp,mdlk,intu,emc,sza, thanks stuart

To: Bwe who wrote (12984)	1/24/1999 4:02:00 PM
From: Gwolf	Respond to of 34811

Bruce-Jan-Anyone, I'm looking for some enlightenment on SUNW. This stock just had a HP after temporarily breaking through it's BRL, it has now pulled back to a STUL. It looks like a trader could buy the stock here with a stop at a break of a double bottom at 94. Is that the way it should be played S.T. or is there some other view that I should be looking at because of the HP. If your a LT player and not a trader then the main BSL is miles away at 56. I also have figured another BSL at 80 which comes off of the triple bottom at 73, so if your a LT player it also looks like a sell if it breaks the double bottom at 95 after hitting the BRL. If your a S.T.trader and the stock holds at the STUL can you really expect much more than the recent high at 114 considering that it's above the BRL and the stock is so extended. Any comments would be appreciated. Gwolf