Point and Figure Charting Message Board

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Strategies & Market Trends : Point and Figure Charting

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To: flashy who wrote (4440)	7/5/1998 3:03:00 PM
From: wizzards wine	Read Replies (3) of 34810

Ok flashy, I think the problem is that we sometimes as Tom would say make it too confusing for our selves and thus confuse both ourself and others along the way...making any since...of course it does? but in keeping the terminology in the simplest terms, let's also do that for these tops per simplest to more complex, OK here goes.... x x < double top x o x o the x's are at x o x o same level x o x o o o < double bottom o's are at same level x<<<< double top buy x o x o the last x moves x o x o one box above the x o x o previous x x o o x o<<< double bottom sell the last o moves 1 box lower than the previous o x x x<<<< triple top all x x o x o x at same level x o x o x o x o x o x o x o x o x o x o o o<< triple bottom all o's at same level x <<< triple top buy x x x signal given by x o x o x o the last x exceeding x o x o x o the previous x by 1 box x o x o x o x o x o x o x o o o x o << triple bottom sell last o lower by one box than previous o's Please notice in the above charts that the multiple tops ar bottoms are at the same levels. Exceeding or lowering the levels just gives the buy or sell signal. thus this would be a quad top buy x < Buy Signal x x x x <<<< Quad Top x o x o x o x x o x o x o x Hope that makes more since now??? Later Preston

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