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Strategies & Market Trends : Point and Figure Charting

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To: Bwe who wrote (3064)	5/15/1998 8:22:00 PM
From: Ben Antanaitis	Read Replies (1) of 34811

Bruce, I agree with you. And there are so many times when an 'interior' support/resistance line, once crossed, becomes it's 'evil-twin' if the price tries to reverse direction ie a support line becomes a resistance line somewhere down the time line and vice versa. I use the term 'interior' to mean those support/resistance lines that can be drawn within the overall context(boundaries) of a bullish or bearish trading channel ie a stock can develop a bullish trading patterns while still below the overall bearish trading channel resistance channel just as a stock can evolve bearish trading patterns while still above the overall bullish trading channel support line. Ben A.

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