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Strategies & Market Trends : Point and Figure Charting

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To: Dana Johnson who wrote (15741)3/16/1999 12:42:00 AM
From: Ms. X  Read Replies (1) of 34811
 
Hi Dana,

The chart box sizes change to take in account volatility and price weighting etc. The quad top is accurate and nice. You have a clear stop at 3.75

RS is still in O's so you want to have that stop in place if you trade it.

This stock has done well. Notice the rather even uptrend without a large swing up and down? It is following the bullish support line and pausing at support levels only giving two sell signals which were quickly followed by buy signals. Today's quad break came after gaining good support at 4.

Doesn't seem too risky me thinks.

Jan I am
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