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Strategies & Market Trends : Point and Figure Charting

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To: Ms. X who wrote (20766)	6/2/1999 5:43:00 PM
From: John Post	Read Replies (1) of 34811

Hi Princes Jan, Someone was talking here about finding triangles as they shape up...this sounded interesting and so I've been looking. ONXX is in its fourth column of a triangle formation and sitting on its BLSL at 7. Of course we don't know yet if it will be a bullish or bearish triangle. Could you help me in reading ONXX. I think the BLSL would indicate a stop at just under 6.5, so the risk can be very limited...but I can't figure out the PO. I don't know which column of X's is the one to use. I would like your read please. Thanks, John

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