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Strategies & Market Trends : Point and Figure Charting
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To: Davy Crockett who wrote (25459)7/17/2001 2:01:58 AM
From: Smooth Drive  Read Replies (1) of 34811
 
Hello Svenlar,

The Shakeout pattern I was pointing out was first described in Mike Burke's book, "Three-Point Reversal Method of Point and Figure Construction and Formation."

As to whether or not it will take -- well that depends on a whole host of things that may or may not happen and that few people agree on right now. I only post the pattern as a point of observation and to possibly elicit some P&F discussion.
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