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

To: james ball who wrote (13657)2/8/1999 8:56:00 AM
From: Augustus Gloop  Respond to of 34809
 
Brilliant post!!



To: james ball who wrote (13657)2/8/1999 9:09:00 AM
From: SE  Read Replies (1) | Respond to of 34809
 
Tom,

If I understand correctly then, we have the same divergence here as we had in 87. I am doing this from memory and don't have the numbers in front of me, but I believe that is the case at this point. Higher NYSE and lower NYSEBP, right?

Very interesting. Thanks for the answers. The information universe is quite large. You are correct in narrowing it down to something that works for the individual trader and then using it. That seems to be a theme that the best traders all echo. If the best traders speak it, one should listen.....

Thanks again.

-Scott



To: james ball who wrote (13657)2/8/1999 10:22:00 AM
From: Augustus Gloop  Read Replies (2) | Respond to of 34809
 
I am not liking this market action one bit! My gut is telling me we are seeing a bear trap on the Nasdaq. I know I know....I'm not being a good P&F'er but I've seen this too many times before. This has the smell of last July. I'm not sure the downside potential is as bad but I have an itchy trigger finger. Anyone else thinking this way?


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