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Strategies & Market Trends : Point & Figure - Beginners (Real Green)
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To: Bwe who wrote (56)12/28/1998 2:09:00 PM
From: leslie jo  Read Replies (2) of 322
 
I've also been trying to figure out the BullishRL for CKFR. Dorsey's book states: The BullishRL is drawn by moving to the left of the last buy signal and going to the first wall of O's....then go to the column of X's right next to the wall of O's and begin drawing your trend line...

I'm assuming Dorsey means, when looking at a chart, the last buy signal would be after the break of the BearishRL, when one can officially go to the lowest O and draw in the BullishSL. Then one can find the BullishRL (which parallels the BullishSL) and draw that in.

In Checkfree's case (CKFR), if a DTbuy signal were to occur at 21, that would be the last buy signal after the break of the BearishRL. So the BullishRL for CKFR would be above the X next to the wall of O's which would be above the X at 31?

Thanks in advance,

LJ
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