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Strategies & Market Trends : Point and Figure Charting

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To: Mr. BSL who wrote (1879)	3/19/1998 8:34:00 AM
From: wizzards wine	Read Replies (1) of 34802

Hi Duke, Looking good. On your count you would add the 7 boxes times 3 = 21 to the low O of 71 for a target of 92, I believe. The drop in the columns of O's the one box from the previous column at 72 to the next column at 71 is a rough call. It is a double bottom but not a real strong sell signal, as you see that it did not really materialize. I think the vertical count works best when the stock has been in a selling mode for some time and then the first column breaking that mode gives a very strong indicator. My thoughts, Preston

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