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Strategies & Market Trends : Point and Figure Charting

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To: Tommy Dorsey who wrote (22375)	7/17/1999 2:29:00 AM
From: dave b	Read Replies (1) of 34811

Tom, a question on the bullish triangle formation. I have seen how effective they are when a chart has a positive trend, but are they theoretically as effective when the stock is below the bearish resistance line? A case I just looked at was GAC-t (trades on Toronto). A 27 box fall followed by higher bottoms and a bullish triangle formation. How much more risk does a bullish triangle and a negative trend carry?

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