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Strategies & Market Trends : Point and Figure Charting

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To: lobster who wrote (666)	2/14/1998 11:07:00 AM
From: Ms. X	of 34827

Sorry Lobster, Not intentional don't ya know. On Ron, I used a stop of 48 which would have been the spread triple bottom. Typically, one looks for the second signal in a downtrend as the signal to follow. Usually the first signal is false. Now, we can do this with RON because it broke its bearish resistance line. If the stock was trading well below its bearish resistance line, you may not want to give it much room. If RON fails in this next rally up and doesn't break a top, the next sell signal will be the one to take. Funny little story. In the past I have searched through the DWA database and have come out with trade ideas. On more than a few occasions the very next day in Dorseys report he has the same thing. RON was one of them. We had the same action point, the same stops etc. (Just recently we agreed with Yuri). Anyway, I thought it was some psychic power I had (giggle) and told the big guy about it. He said "Well, you are reading the same stuff I am, of course you would see it". Ruined all my fun. I thought I was developing psychic abilities. Oh well... Jan

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