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Strategies & Market Trends : Point and Figure Charting
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To: Tommy Dorsey who wrote (20945)6/8/1999 11:00:00 PM
From: Dave Shares  Read Replies (2) of 34811
 
Tom,

I am a novice P&F chart reader, but in looking at the NDX chart, I can't help but notice that every buy signal given since NDX set its record has resulted in a lower column of Xs than the previous column of Xs where a buy signal was given.

To my novice eye, that doesn't bode well unless that pattern gets broken with two consecutive increasing column of Xs.

David
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