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Strategies & Market Trends : Point and Figure Charting

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To: Bwe who wrote (4380)7/5/1998 2:38:00 AM
From: R Stevens  Read Replies (3) of 34810
 
"Bull Traps (stock gives a triple top buy signal and reverses down
into a column of O's without rising another box after the buy
signal-this is bearish)"

Bruce, does the following chart correctly fit your description of a Bull Trap?

Muchos Thanks, RS

10.87 X O X O X O X *
10.75 X O X O X 4 X O X *
10.62-X O --O --O X O X O X * -------------------------------------------------
10.50 O X O X O X O *
10.37 * O X O O X O *
10.25 * O O O X *
10.12 * O X O 5 *
10.00---* ------------------O X O X O * ---------------------------------------
9.875 * O X O X O *
9.750 O X O X O *
9.625 O X O O *
9.500 O X O X *
9.375-----------------------O ------O X O ------* -----------------------------
9.250 O X O X *
9.125 O X O X O *
9.000 O O X O *
8.875 O X O * Med
8.750-----------------------------------O X O ------------* -------------------
8.500 O 7
8.375 O X X O
8.250 O X O X X O
8.125---------------------------------------O X O ----X --X O X O -------------
8.000 O X O X O X O X
7.875 6 X O X O X O X
7.750 O O X O X O
7.625 O X O
7.500-------------------------------------------O ----X -----------------------
7.375 O X X
7.250 O X O X
7.125 O X O X
7.000 O O X
6.875-----------------------------------------------O X -----------------------
6.750 O Bot
6.625
6.500
6.375
6.250 -------------------------------------------------------------------------
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