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Strategies & Market Trends : Point and Figure Charting

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To: Nancy who wrote (3880)6/18/1998 3:42:00 PM
From: Ms. X  Read Replies (2) of 34827
 
To all P&F Quiz # 3. Match the definitions.

1. BULL CONFIRMED:
2. BULL ALERT:
3. BULL CORRECTION:
4. BEAR CONFIRMED:
5. BEAR ALERT:
6. BEAR CORRECTION:

A) Takes place when the Bullish Percent rises more than 6 percent from beneath the 30 percent level to above that critical level, but not to exceed a previous top or the 50% level.

B) This phase is characterized by a 6% reversal up from a bear confirmed status above the 30% level.

C) Characterized by the Bullish Percent giving a buy signal by exceeding a previous column of X's.

D) It is characterized by a 6 percent reversal down from a bull confirmed status but taking place below the 70% level.

E) Characterized by the Bullish Percent Index penetrating a previous bottom as illustrated above or declining below the 50 percent level.

F) Occurs when the Bullish Percent drops below 70 percent without penetrating a previous bottom.
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