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Strategies & Market Trends : Point and Figure Charting
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To: stan s. who wrote (7785)9/25/1998 9:25:00 AM
From: Ms. X  Read Replies (1) of 34806
 
Stan...
B :-(
But I love your chart!!!!!! The green and red X's are too cool.

I'm gonna mark this chart accordingly so you can see the buy and sells.

A sell signal is when a column of O's surppasses a previous
column of O's. Depending on how many O's were at the level we get
the terms, double, triple, quadruple etc.

A buy signal is when a column of X's exceeds a previous column of X's.
Currently VTSS is on a sell signal because that is the last signal
given. A buy signal wouldn't come until 32.
Hope this helps. (the bolding kinda screws up the chart so I hope you
can understand it).
38
37 X
36 X O X X X *
35 -----------------------------X O X --8 O X O X O X * -------------
34 X O X O X O X O X O X O *
33 | X O X O X O O X O X O X *
32 Bolded are the O's at the sameX O X O * O O O X O X
31 level making this a Quadruple bottom sell signal--> O X O X O (spread quad by the way)
30 -----+-------------------X O X O ----* ------------O X O X O -----
29 | X X O * O X O O
28 | X O X X Double bottom sell signal-->O X
27 Buy signal--->X O 6 O X * O X O X
26 | X X 5 X O X * O X O X
25 -----+-------X O 4 O X O X * ----------------------9 -----O X ---
24 | X O X O Spread double bottom sell signal--> O X
23 | X 2 3 X * Called spread because there is O X
22 | X O X O X * a column of O's previously that O
21 * | X O X O * did not come down to this level
20 -X * 1 --X O ----* -----------------------------------------------
19.5 X O X O X *
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