Point and Figure Charting Message Board

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Strategies & Market Trends : Point and Figure Charting

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To: XOsDaWAY2GO who wrote (22509)	7/20/1999 10:36:00 AM
From: James Strauss	Read Replies (1) of 34811

CAMPing Out... When stocks break resistance several scenarios of trading vs investing are set up... That's why looking at the longer term charts can tell you if there are blue skies above the current price level... You don't always see this on the daily chart... I make it a rule never to buy a stock until I've looked at the weekly and monthly charts... Such a review would have shown that CAMP had fallen a long way down, and there were a bunch of roadmarks to guide analysis for the possible retracement of those former higher prices... iqc.com A look at the monthly chart shows a massive 5 year Head & Shoulders pattern that is resolving to the upside... You'd never see this on the daily or weekly chart... Jim

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