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Non-Tech : Dorsey Wright & Associates. Point and Figure

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To: Ms. X who wrote (1541)11/7/1999 6:46:00 PM
From: Brian Hornby  Read Replies (1) of 9427
 
Berkshire Hathaway.

I would be interested to hear your take with this one. Looks to me like a "Low Pole" formation has formed?! Also it looks like it is encountering resistance at 2250, so... Any opinions most welcome!

I recently bought this on 10/25 partly on a "Morning Star" formation and partly because I had been waiting for a good entry point. Sometimes I enter positions with candlestick analysis coupled with support/resistance/trend consideration and then look for PnF to support the trade as it develops. Likely I will take partial profits here and let the rest ride, however I am interested to hear any more informed opinions on the PnF side of things.
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