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Strategies & Market Trends : Point and Figure Charting
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To: feewaybill who wrote (4707)7/13/1998 1:08:00 AM
From: Ms. X  Read Replies (1) of 34811
 
Hi Barb and Bruce

12.5 | | ?<--Quad top buy signal.
12.0 ------------------+---X --X --X - ?<--Move back to here would be a quadruple top
11.5 | X O X O 5 O ?
11.0 ------------------+---4 O X O X O ?---------------------------
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 ---------------------------------------
This is not good. Notice how each time it hit 12, it reversed down to
break a bottom? It is selling at resistance and selling below support.
It would be a good sign to see it break the quad top at 12.5.
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