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Strategies & Market Trends : Point and Figure Charting
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To: Diana who wrote (16723)4/5/1999 11:59:00 AM
From: Ms. X  Read Replies (1) of 34813
 
QWST and example of Shakeout pattern.

One of the more successful trade patterns. The false sell
signal shakes out the weaklings and usually leaves us Piffers with
meat to chew on :-)
QWST today completed this pattern.

? <--Break of top and completes pattern.
75 X --X --X -----<--Shakeout has double or triple top or more
74 X O X O X O 4 <--Three box from sell. Action point to buy.
73 X O X O X O X
72 X O X O O X
71 X O X O <--Sell signal in uptrend right after top
70 --X O X ------------------
69 X O X
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