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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: Dennis J. who wrote (21190)	6/12/1999 3:11:00 AM
From: Jorj X Mckie	Respond to of 34813

To help put CYMI in the long term bullish camp click on Judy's profile to get her views.

To: Dennis J. who wrote (21190)	6/12/1999 7:40:00 PM
From: Smooth Drive	Read Replies (3) \| Respond to of 34813

Hello Dennis, >>To finish this CYMI discussion, we have now broken up through the brl (BRRL) and plotted three more X's, breaking a couple of double-tops in the process. When should a new bsl (BSSL) be plotted?<< There has been a True Penetration of the BRRL, and therefore the BLSL is now in command. If I were hand charting this stock, a new BLSL would now be started under the last column of O's at 18. >>Should there also always be either a BSSL or BRRL???<< Yes. If a P&F chart is trading range bound, you might not draw them all in -- but either the BRRL or BLSL is in charge. >>Is the fact that the previous columns of X's were below a BRRL of such significance that we now create a no-mans land, without a support line in place?<< Per the above, no. Take care, Eric