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Strategies & Market Trends : Point and Figure Charting

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To: Jerry Olson who wrote (15109)	3/7/1999 1:47:00 PM
From: Ben Antanaitis	Read Replies (1) of 34811

OJ, do "ALL" bullish triangles have to start with O's??? in LU's case they are in X's...i thought bullish tri's have to end with o's and then pop...no??? No. The only 'rule' for triangles is that they should be five or more columns wide. The trick here I think is that you have been looking at the examples in the 'book' and taking them too literally. For example: X XO X XOX X XOXO X XOXOX X XOXOXOX <- seven columns wide XOXOXOX XOXOXO XOXOX XOXO XOX XO X X Is a perfectly good bullish triangle. So is X XO X XOX X XOXO X XOXOX X XOXOXO X XOXOXOX X XOXOXOXOX <- 9 columns wide XOXOXOXOX XOXOXOXO XOXOXOX XOXOXO XOXOX XOXO XOX XO X X With a 'minimum' five column triangle then you get the effect you are seeing 'start on an O and end on the X', but in reality it just depends on how 'tall' the initial columns are that go into the triangles construction, and the ultimate 'width ' of the triangle plus the direction of the 'breakout'. That help? Ben A. ez-pnf.com

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