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Default Count the words in a cell

Dear exper
A cell contains a lot of information.
Is it possible to count certan word in a cell please?

Say A1 contains a series of text ....

1. Daily Swing even though Sto is hit high or low
2. Look at Chart pattern
3. Stop at dangerous level

How can I count number of "O" in the cell A1 please?

Thanks
Elton
 
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