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Strategies & Market Trends : Point and Figure Charting
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To: Ms. X who wrote (1056)2/24/1998 11:22:00 AM
From: Allan Harris  Read Replies (1) of 34816
 
>Vertically, we know the bottom O's is at 26 so we look at the column of X's to the right and count which equals 7. 7x3=21+26=47.

The first BUY signal on my chart was given in February with a break of the double top at 34. A subsequent column of O's was entered on a brief pullback to 35, from the X column high of 38. I count that row of X's, the row containing the BUY SIGNAL, as 8. 8x3=24. The low for that column of X's was 28, so 24+28=52. My target is 52.

Reference, Tom's book, page 24.

Allan,
King of France
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