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Strategies & Market Trends : Trade/Invest with Options Jerry a Point & Figure Chartist
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To: burnie who wrote (5276)3/7/2002 1:00:43 AM
From: Smooth Drive  Read Replies (2) of 5893
 
Hello Burnie,

That is the Bearish Resistance Line (BRRL). Atin's program has moved the BRRL up one here from 18.5 to 19 but really it should not move at this point. If the stock reverses back down here -- then, and only then (for those who actually keep a hand chart) raise the BRRL up one box. Not before. If the stocks goes one box higher to 19 it breaks the BRRL at 18.5 and a new Bullish Support Line BLSL will begin forming under the most recent lowest O at the 13 box.

Take care,

Eric
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