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


To: papi riqui who wrote (22976)8/10/1999 11:17:00 AM
From: Ms. X  Read Replies (2) | Respond to of 34809
 
Hi PR,

Read the book for a Catapult description.

The triple top must be followed immediately by a double top without any interruptions and it must have higher bottoms. A spread triple top by definition takes away the immediate characteristic needed.

If you look after the first two tops of that spread the chart then dips down giving a sell signal then it rises and finally gives the double top. That dip took it out of the running. Spread triples don't usually make up a Bullish Catapult.



To: papi riqui who wrote (22976)8/10/1999 6:38:00 PM
From: james ball  Respond to of 34809
 
It is a catapult. The program doesn't identify it as such because of the spread triple top. jay