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Strategies & Market Trends : Point and Figure Charting

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To: stan s. who wrote (7896)9/27/1998 8:38:00 AM
From: chartseer  Read Replies (1) of 34811
 
Your chart as posted is a sell signal. The last row of Os descends lower than the previous row which proceeded lower than its previous row.In the interim you did get a buy signal.The last row of Os cancels that buy signal BUT I don t know if that previous buy signal changes your broken triple bottom, to a double broken bottom a or just a sell signal. In essence I would sell this chart as posted. It seems you also broke a BSL drawn from the lowest series of Xs.

Then again I could very well be wrong.

Chartseer
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