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Strategies & Market Trends : Point and Figure Charting

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To: quote 007 who wrote (14398)	3/7/1999 6:55:00 PM
From: Bwe	Read Replies (1) of 34816

Hi Stuart, I know you have a keen interest in both the High Pole and Low Pole patterns. I've written about Ethan Allen (ETH) before on the thread and that stock is a perfect example of what Aby calls a recurring Low Pole (LP) pattern. A LP occurred in September at $38 with the RS B- (RS Buy and chart is in a column of O's). The RS turned B+ shortly thereafter. This LP was followed by a HP in November at $36, and another LP in December at $40. A break of the BRL soon followed. Now the stock has had another LP buy signal at $46. The odds are pretty good that a buy signal at $48 is in the cards, if, of course, the market continues it's recent rebound from it's oversold condition. Bruce

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