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

To: Gottfried who wrote (16557)	3/31/1999 1:38:00 PM
From: Augustus Gloop	Read Replies (3) \| Respond to of 34824

Is anyone buying DELL here? I bought at 39 11/16 and am now a bit confused. It looked (on the chart) to me that it was a buy at 40 with resistance at 45. Now I am questioning my logic. Any thoughts?

To: Gottfried who wrote (16557)	4/3/1999 4:23:00 PM
From: Dennis J.	Respond to of 34824

Gottfried. I use P&F, candlesticks, ma's, upper/lower bands (AIQ, BB or other) and other technical analysis. I wouldn't trade without them, just like I wouldn't be without P&F. Yes, you can do very well with just P&F charts, but this limits your ability to time options trades and bottom fishing more closely. Also, intraday info (OHLC), multiple candle formations, price gaps, are lost with P&F. Seems right to touch on some of these together, even though this is primarily a P&F thread. BTW, I am enjoying your ongoing discussion of XOI and oil service stocks with Jim Strauss. One question: how does the XOI relate to the physical price of oil (or how is it calculated)? Thanks. Dennis