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Strategies & Market Trends : Point and Figure Charting
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To: XOsDaWAY2GO who wrote (388)2/5/1998 12:02:00 AM
From: Jorj X Mckie  Read Replies (1) of 34818
 
Hi Barbara,
It did just break a spread double top (not a triple) and is just below it's bearish resistance and it's sector is in bull alert with a bullish percent of 24. Pretty much all good signs. If it goes to 33, it would break through it's bearish resistance and that would be a pretty good buy signal.

So an answer to your question; there is more risk when buying a stock below it's bearish resistance line. Though, I have been known to buy stocks when they are below the bearish resistance line if other indicators are good. But then again, I play the hardways in craps and will occasionally do a hopping bet (I have a high tolerance to risk).
Tom
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