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

To: Tammy DeRosier who wrote (21790)	6/24/1999 5:57:00 PM
From: Bwe	Read Replies (1) \| Respond to of 34811

>>>I personally feel that the high pole warnings worked better in the 80's and now often times the high pole is actually just a pullback to good support and a chance to buy the stock at a better price.<<< Hi Tammy, Interesting response to Chartseer's question. I was wondering what it was about the 80's market that made High Poles more effective then than now? What was it that made the pattern stop working? For a very modern High Pole chart consequence, take a look at QWST's stock. Two others that I follow are CMB and FMO (CMB had a HPT at $82 in March and FMO had a HPT at $56 in November '98.). Guess what chart pattern AOL had at $158, right after making it's April $174 all time high? Seems very dangerous to me to ignore such a proven p&f chart pattern. Best regards, Bruce