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Strategies & Market Trends : Point and Figure Charting
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To: Ms. X who wrote (762)2/17/1998 5:02:00 PM
From: Mr. BSL  Read Replies (1) of 34813
 
Jan,

One more question for Tom-

Are there any rules concerning buying stocks that are extended a great deal from there base? example - a stock breaks out from a triple top at 30 and moves all the way up to 60. If this stock pulls back to say 56 and then goes back up breaking the double top, would this double top be considered a buy signal or are there any rules about staying away from stocks that have had recent run ups?

thanks in advance

duke60
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