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Strategies & Market Trends : Point and Figure Charting
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To: papi riqui who wrote (17128)4/10/1999 8:27:00 AM
From: Dave Shares  Read Replies (1) of 34811
 
PR,

With respect to BVSN and the low pole, I re-read that section in the book last night. It would appear that we would have to wait for another series of reversals to take place for reentry, as the stop point is pretty far below the current price. Once another column of Os has been made, and assuming it bottoms out above the last column of Os, I'd look for a reversal to Xs and enter there. That would seem to improve the risk/reward ratio, as the stop would be fairly close to entry.

Am I seeing this right ?

David
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