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Strategies & Market Trends : Point and Figure Charting

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To: XOsDaWAY2GO who wrote (3827)	6/17/1998 8:02:00 PM
From: Bwe	Read Replies (1) of 34820

Barbara, as I see it, the stock just had a bull trap. This happens when a stock gives a triple top buy and pulls back immediately without moving up another box after the triple top buy. By the strict definition of a bullish catapult, a triple top followed by a double top buy signal, a move to $4 would qualify as a bullish catapult. Ideally, the triple top buy should've carried the stock a box or two higher in the column of X's before the pullback. The quick pullback causes uncertainty and the bearish RS is suspect. Your call, of course. Regards, Bruce

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