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Strategies & Market Trends : Point and Figure Charting
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To: Ms. X who wrote (5877)8/14/1998 8:05:00 PM
From: Jack Chen  Read Replies (1) of 34810
 
Thank you Jan for the explanation, here I disagree with your strategy or chart telling on LU buy point at $92. For me, I would kick myself if LU get to $92 while I did not buy at $86.625, once it does get to $92, I would wonder if next day it will crash back to $88's. No one can tell for sure what the price action will be tomorrow, in the case of LU, I would buy at $86.50 or $79 to $80 area. Of course this is only my opinion.
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