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Strategies & Market Trends : Point and Figure Charting

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To: Jerry Olson who wrote (15109)	3/7/1999 1:56:00 PM
From: Ms. X	Read Replies (4) of 34811

Hi Jerryberyy.. I feel the need for a read... I love that!!! I saw Bens excellent response to your question on Bullish Triangles. I agree with him and woul also add that you can have triangles with less than the required 5 columns. They are not as explosive as the larger triangles but still valid. You will get a feel for these as you look at charts more. LU wouldn't be working a triangle here. The pattern is a triple top and if it completes this double top, it will be a bullish catapult (very nice). LU is looking good here. Has held the support above 94 very well. GTW, very interesting. I like this entry for trades Jer. Pulled right back to support and entry at 68 or 69 gives you a great stop point. Calls would work well. Glad you brought it to my attention :-) Firm stop of 66.

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