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Strategies & Market Trends : Point and Figure Charting

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To: feewaybill who wrote (4600)	7/12/1998 3:03:00 AM
From: XOsDaWAY2GO	Read Replies (1) of 34811

In analyzing the MINI chart, I see it has a RS Buy in a column of X's, and it has a triple top. At first I thought it was a bullish shakeout, but it didn't break the third top. Since it broke 2 double bottoms, if it comes back to the 12 area, would it become a double top? I'm not clear on whether the two double bottoms would make it start a new top and thus become a double top rather than a quad top. 12.5 \| \| 12.0 ------------------+---X --X --X ---------------------------------------- 11.5 \| X O X O 5 O 11.0 ------------------+---4 O X O X O ---------------------------------- Med 10.5 \| X O O X O 10.0 ------------------+---X ----O --O -------------------------------------- 9.5 \| X O 9.0 ------------------+---3 --------6 -------------------------------------- 8.5 \| X 7 8.0 ------------------+---X -------------------------------------------- Bot 7.5 \| X 7.0 ------------------+---2 ------------------------------------------------ 6.5 \| X 6.0 ------------------+---X ------------------------------------------------ 5.5 \| A 5.0 ------------------+---X ------------------------------------------------ 4.75 \| 7 Jan, how do you type ON these charts? You are a wonder worker woman! Barbara

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