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Strategies & Market Trends : Point and Figure Charting

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To: james ball who wrote (12106)	12/30/1998 11:27:00 PM
From: PuddleGlum	Read Replies (1) of 34809

Tom- P&F, like most other forms of TA, considers both static and dynamic support and resistance. The double and n-tuple tops and bottoms deal with static stuff while the support and resistance lines are the dynamic part of the deal. I've noticed on a couple of occasions where a stock with RS in O's penetrated the BRL, pulled back, and then the next column of X's made a DTB signal and the stock was off to the races (CYCH and BKS come to mind). Without doing an exhaustive study of beaucoup charts I'd say that this pattern has some promise. Initially the security was held back by dynamic resistance and then it broke that as well as the static resistance in rapid succession, kind of like a dynamic catapult. Is this an interesting topic, or does it clutter up the simplicity of P&F? BTW, my wife's not unhappy about missing UBID any more. In fact, she didn't make me sleep on the couch even once for missing it! And, she's out of AOL with a nice hit-and-run trade (exited on a 3 box reversal, heh, heh). pg

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