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Strategies & Market Trends : Point and Figure Charting
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To: Ms. X who wrote (14200)2/18/1999 6:15:00 PM
From: Ms. X  Read Replies (1) of 34808
 
BCST. Why I was excited about shorting it today.
RS in O's for starters.
Fundamentally poo poo for two
Chart pattern and trend negative for three.

83- X O
82 X O
81 O X O X O
80-----O X O X --X 2 ---------------- Med
79 O X O X O X O
78 O X O X O X O
77 O X O X O X O
76 O X O X O X O Lower Tops
75- ---O X O X O X O X ----------<--Stop point
74 O X O X O X O X O X
73 O O X O O X O X O X <--Today's rally
72 O X O X O X O X
71 O X O X O X O X <--I caught it here (damn :-)
70---------O X ----O X O X O X ----------
69 O X O X O X O X
68 O X O O X O X <--Stock closed around here today
67 O X O X O X
66 O X O X O X
65 --------O X --------O X O X ----------
64 O X O X O X
63 O X O X O X
62 O X O X O X
61 O X O X O X
60--------- --------O X O X ----------
59 O X O X
58 O X O
57 O X
56 O X
55 --------------------O X --------------
54 O X
53 O X
52 O X
51 O
50 ---------------------------------------

Bottom of the trading band is way down there somewhere. So is the
bullish support line.
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