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


To: Sam Quentin who wrote (19610)5/6/1999 12:34:00 AM
From: Nanchate  Respond to of 34811
 
Sam,
Sorry for assuming you were a man. I was just a bit taken back by your false assurance and aggressive demeanor aimed at my post, and I made the wrongful assumption that you were a man. I guess I retract my acceptance of your apology since one was not given and I made the second wrongful assumption.

If you read my posts you will see I also posted earlier breakouts on ASTN. In my post of the breaking of the double bottom I don't recall telling anyone to SELL or to SHORT. I agree with Jan's response 100% and also agree it is best to wait and see if we get those 3 boxes indicating an upside reversal, since this one could just as easily trend down further after breaking the Double Bottom on Wed May 5th. There were, beyond the P&F indications (if there really is life beyond P&F<g>), supports at $10 which broke swiftly and easily and that was on the heals of fantastic news out of Reuters on May 4th.
IF this continues to trend down all bets are off, but if it prints the 3 boxes up it may prove to be a different story. Tomorrow will give us the answer.

In this game humility is the best demeanor to take since it is better to take it yourself than being forced into it.

Sincerely,

Nanchate