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Strategies & Market Trends : Point and Figure Charting
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To: mph who wrote (6302)8/24/1998 11:48:00 PM
From: Ms. X  Read Replies (1) of 34811
 
For those Loopy Lu folksiepoo's...

Interesting little sneak play by LU.
Higher bottom after a buy signal.
Vertical count gives it 108 which happens to be where it topped
out before (gasp).
Can play for a trade if you feel like it certainly don't take my
suggestion etc (disclaimer 45, 68 and 107) here with a stop of 83.
Price target of 108.

108 X <--Price target.
106 X O
104 X O
102 X O
100 -------X O ---------------------------------
99 X O
98 X O
97 X O X
96 X O X X O
95 -------X O X O X O X -----------------------
94 X O X O X 8 X O
93 X O X O X O X O
92 X O O X O X O X <--Last signal double top buy
91 X O X O X O X X O
90 -------X ----O X O X O X O X O -------------
89 X O O X O X O X O
88 X X O X O X O X O X Med
87 X O X O X O O X O X
86 X O X O O X O X
85 ---X O ------------------O X O <--Higher bottom
84 7 O
<--Stop on a trade.
83 X
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