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

To: Ms. X who wrote (22977)	8/10/1999 11:25:00 AM
From: 2sigma	Read Replies (1) \| Respond to of 34809

Thank you P&F, Thank you Ms. X. Thank you Tommy Thank you James Thank you Tammy Thank you Wiz Thank you BPs... Gotta love the indicators. Haps.

To: Ms. X who wrote (22977)	8/10/1999 1:08:00 PM
From: papi riqui	Respond to of 34809

Jan, >>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.<< It's nice to hear from you, hope you are doing better. Actually, I have read the book on this subject, many times, in fact. Therein lies the problem. I see nothing in The Book that says the Triple Top cannot be a Spread Triple Top. Moreover, the chart in question (OAKT) fits the first sentence of your explanation, i.e., the (spread) triple top is, in fact, followed immediately by a double top without interruption and it produces a higher bottom. Correct? Far be it for me to disagree with you on this issue, but it has come up from time-time to time and it never seems to be resolved. I thought DWA had finally resolved it in a prior From the Analyst report which I noted in this recent post (#22874) to Dana: Dana, Re my prior post to you on Bullish Catapult formations and Spread TTBs see siliconinvestor.com, the following statement from DWA (From the Analyst 06/24/99) should settle the issue once and for all: >>A Bullish Catapult. This pattern is formed when a triple top buy signal is followed by a double top. There can be no sell signal in between the triple and double top. The double top break acts to confirm the original triple top buy signal. In this case the double top follows a spread triple top at $7.<< In other words, the fact that the TTB is a Spread TTB is of no consequence in the formation of the Bullish Catapult. As I said, Jan, I thought this resolved the issue, but then the OAKT chart reopens it once again, at least for me. I suppose it really doesn't matter one way or the other, but there does seem to be an inconsistency here which I had hoped Jay (or you) could reconcile once and for all. PR EDIT p.s. Jan, you also said that If you look after the first two tops of that spread the chart then dips down giving a sell signal... I don't see the sell signal on the chart. What am I missing? Thanks, pr