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

To: Jorj X Mckie who wrote (20265)	5/23/1999 9:45:00 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 34827

Tom, por nada... you read as good as anyone i know<g>>... Sr...:>}

To: Jorj X Mckie who wrote (20265)	5/24/1999 5:50:00 PM
From: Dennis J.	Read Replies (1) \| Respond to of 34827

CMGI accomplished a Bull Trap by reversing down after a triple-top breakout at 250 (P&F Charting, p63), and then continuing to "cross the creek" and break double bottoms at 220 and 215, and printing a 210 for the day. Only the long-pole-down at 190 and the BSL at 185 remain as primary support. As I see it, a buy just above the BSL would seem appropriate, with a tight stop below the BSL. However, this market seems to be getting a bit uglier, and perhaps a buy on a reversal into a column of X's would be more appropriate. As a CMGI piffer most worthy of the Juice Jr. alias, I look forward to your thoughts. Would we piffers continue to "play" CMGI after a clear break of the BSL??? Would it affect long-term holdings as well? Dennis