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Strategies & Market Trends : Point and Figure Charting

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To: Ms. X who wrote (21027)	6/10/1999 12:32:00 PM
From: James C. Mc Gowan	Read Replies (1) of 34812

Ms.X: here's a case study for a newbie: ARMHY; on 6/4/99 an alert was given on DWA of a Bearish Catapult; today, the stock printed 36 1/4, which appears to negate the Bearish Catapult signal, or does it? Fundamental/news is very positive on this stock today, and the price jumped. Does a Bearish Catapult followed so closely by this type of action reflect a significant change in the P and F chart? Thanks for your help P.S.: Piffers might want to look into this company; the future is very bright. Regards James

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