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Strategies & Market Trends : Point and Figure Charting

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To: Stoctrash who wrote (4554)7/9/1998 3:41:00 PM
From: Ms. X  Read Replies (1) of 34811
 
Here I am! Dell - shakeout pattern
Dell was in a strong uptrend above the bullish support line. RS in X's.
100 ------------------------------------------------------------------
99
98 X X<--Next resistance
97 X O X O
96 X O X O Came up to two X<--Reversal back up and break of triple top
95 --------------------------X O X O double tops-->X X --X --
94 X X O X O X O X O X
93 X O X O X O X O X O X<--Action point to buy
92 X O X O X O X O O X
91 X O O X O X 7 X
90 ----------------------X ----O --O ---Shakeout formation---->O
89 X O First sell in strong uptrend
88 X O X X
87 X O X O X X
86 X O X O X X X O X
85 ----------------------X --------O X O X O X --X O X O X ----------
84 5 O O X O X O X O X O
83 X O X O X O X O X
82 X O 6 X O O X
81 X O X O X
80 ----------------------X ----------------O X ----O ----------------
79 X X O X
78 X O X O
77 X O X
76 X O X
75 ------------------X O X ------------------------------------------
74 X O X
73 X O
72 X
71 X
70 --------------X --X ----------------------------------------------
69 X X O X
68 X O X O X
67 X O X O
66 O X O X
65 O X --X --X 4 X --------------------------------------------------
64 O X O X O X O X
63 O X O X O X O
62 O X O O
61 O
60 --------------------------------------------------------------* --
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