Point & Figure - Beginners (Real Green) Message Board

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Strategies & Market Trends : Point & Figure - Beginners (Real Green)

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To: leslie jo who wrote (23)	12/27/1998 5:32:00 PM
From: wizzards wine	Read Replies (1) of 322

Hi LJ, once you and the chart are ready to draw in New BRL or BSL one goes to the highest point on the chart for a BRL and draws the downtrend line 45 degrees down and to the right from that point, on drawing the New BSL one would go to the lowest point below and draw in a 45 degree line up and to the right... In CKFR's case the new BSL would be started way down off of the 6.00 in O's at the bottom...and go at a 45 degree angle up and to the right. If CKFR does not give a DTB at 21 and break out to 22 then the BRL will start at 20 and go down and to the right at a 45 degree angle. (1) yes RS reversing to X's is always good, and likely gets one in sooner than waiting for the RS to give a Buy signal... (2) Correct triangles do not have to be symetrical, but typically require 5 columns of X's and O's to qualify. Hope that helps some, Later Preston

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