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Strategies & Market Trends : Point and Figure Charting

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To: Dana Johnson who wrote (22469)7/19/1999 11:35:00 AM
From: papi riqui   of 34813
 
Diana,

Concerning the bullish catapult on MCTI where the TTB is actually a Spread TTB, this is the answer Wizzie gave me some time ago on a similar question:

Q: The [DWA chart for GNCI]heading says it just broke a double bottom, but it looks like a bearish catapult to me given that the DB break was just preceded by a TB break. What gives?

A: Hi PR, At least you've got the idea...however for it to classify as a catapult, it must follow the triple and not have another signal in between...that was a spread TBB...

hope that helps.

PR
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