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

To: Gottfried who wrote (19427)	5/2/1999 3:06:00 PM
From: Casaubon	Respond to of 34811

Actually, I am now realizing that I confused the RS charts with the sector RS charts, and that is what caused my confusion. I am, fortunatley, very aware of the double bottom sell signal CENT just put in (because of P&F charting). I will not let this run to the downside, but they have earnings due out soon. From a FA standpoint, I am thinking this will turn around (more people bought houses, means more people need lawn care products, etc.). Also, other TA tools I use suggest this isn't a terrible time to be in the stock. However, I have taken the warning from P&F to heart! I am more concerned about my VRTX stock, but will hang on stubbornly for one more quarter (unless other TA indicators cave in too). The bottom line is that I like P&F charting for BIG warning signs and getting aimed at some targets, but I am trying to incorporate other TA tools which might time entries and exits more precisely. Thanks for taking time to respond to my question.