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Strategies & Market Trends : Point and Figure Charting

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To: Smooth Drive who wrote (3050)	5/15/1998 7:44:00 AM
From: Mr. BSL	Read Replies (1) of 34811

Hi Eric. I am currently reading the "new" (1990 edition) of "Three-Point Reversal Method of Point & Figure Construction and Formations" by M. Burke. Concerning the Bullish Support Line (paraphrased) - The up trend is over if a column of O's touches the BSL and the column of O's exceeded a previous column of O's on it's way to touching the BSL. If the column of O's did not exceed a previous column of O's before it touched the BSL, then the up trend is still intact until the column of O's exceeds a previous column below the BSL. He gives several examples of a column of O's going a few boxes below the BSL where he considers the up trend still intact. Keep up the good work. I like your detailed posts. Duke

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