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Strategies & Market Trends : Point and Figure Charting

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To: Dana Johnson who wrote (17050)	4/9/1999 12:14:00 AM
From: Ms. X	Read Replies (1) of 34808

If you are happy with your profits, you can exit on the three box off this high pole, which is 5. Now if it continues up move up the stop point off the high. Each box is worth .5 under $20. For example. The high on the chart is at the 6.5 box. Three boxes down is 5. If the stock moves to 7, move your stop to 5.5. If it moves to 10 move your stop to 8.5. Then when you stop out you are happy. I see that it is trading at 5 now which is your current stop (my guess is it was up high to 6.5 and then backed off a little to 5 but still closed up). Watch tomorrow. If it continues to move up set your stop. If it moves lower or stays at 5, take your profits. Understand? jan I am

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