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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: fourptt who wrote (28922)	4/30/1999 2:03:00 AM
From: Doug R	Read Replies (1) \| Respond to of 79214

4, NPCI has set the trendline that would become important in any correction that might ("will" from what I see) present itself relatively soon. Something like 99.9% of all bull market participating, properly up trending stocks get sold off in a correction to the point where they break, at least, their most recently established up trend acceleration. If you have a compunction to hang in there through a correction and NPCI dips below its recent uptrend, don't ignore any failure to move back over that line. If a stock cannot recover its last significant uptrend line after a correction, it didn't deserve that line. That's what a correction is all about. Doug R