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

To: ed doell who wrote (17420)	4/11/1999 1:04:00 PM
From: wizzards wine	Respond to of 34804

Hi Ed, Nice responce...I do find that P&F is very useful and accurate, and now more than ever with the market breadth so narrow...2 of our short term indicators have reversed up lately and that makes for a more positive trading period...understanding of course that if they reverrse back down we become more defensive than we are now... Last year we called the down turn in late April and the bottom in early October...P&F having been around for many years and looking back at the ups and downs...It's called them all quite accurately.... No it does not get one in at the very bottom or out at the very top, but the 80% cut out of the middle far out performs the broad average of the money managers world wide and thats good enough for me. I've been teaching and consulting to managers from the old school and they are in overwhelming agreement that P&F with good FA is now the way to go.... Good luck in your trades... Later Preston