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Strategies & Market Trends : Point and Figure Charting
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To: wizzards wine who wrote (3701)6/15/1998 8:53:00 PM
From: Bwe  Read Replies (1) of 34811
 
With regard to AMZN, the first 3 box reversal would be a traders sell signal. "The Blumenthal 20 box sell signal" would say to sell should AMZN have a 3 box reversal to $65. A move to $55 would give a HPT and a move to the $40's could happen thereafter. The trend is your friend and AMZN is in a friendly trend for sure. P&F gives you the ability to look a few moves ahead and plan for an unexpected eventuality.

Take care,
Bruce
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