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

To: feewaybill who wrote (19039)	4/25/1999 12:37:00 PM
From: Bwe	Respond to of 34808

Hi Bruce, I know there's a difference in how DWA and Chartcraft figure po's, so I'll just chime in from a Chartcraft perspective. The upside price objective for PMU is $75. The December/January column of X's (8 x 3 = $24 x $1 = $24) to the right of the low achieved after the last sell signal at $51 in December is the column you need to use to compute the po. Add $24 to $51 and you've got your $75 po. Nasty High Pole Top on the chart. Watch the BLSL (Bullish Support Line - I've adopted Ben and Eric's trend line abbreviations). Take care, Bruce