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Non-Tech : Dorsey Wright & Associates. Point and Figure -- Ignore unavailable to you. Want to Upgrade?

To: Hardline who wrote (2694)12/9/1999 8:42:00 PM
From: arno  Read Replies (1) | Respond to of 9427
 
Hardline,

A low pole occurs when a column of O's exceeds the previous column of O's by at least 3 boxes, and then reverses into a a column of X's. The column of X's are more than 50% of the previous column of O's.

This time the DJBB only went two boxes below the the previous column of O's, therefore we need to see 99.6 for the buy signal.

arno




To: Hardline who wrote (2694)12/9/1999 10:28:00 PM
From: Ms. X  Respond to of 9427
 
A low pole would be a positive sign but I think we would want a buy signal to really feel good about it. This thing has been reversing down and breaking double bottoms with no trouble at all.


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