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


To: feewaybill who wrote (6770)3/10/2000 1:12:00 PM
From: arno  Read Replies (1) | Respond to of 9427
 
Bruce,

It is a shakeout, even though it is not classified as such on the chart.

Stock makes two tops, then breaks a double bottom. This rids the stock of weak holders. Can buy on 3 box reversal up. Shakeout is completed when the triple top is broken.

On the main page of the DWA site, click on the "Reference Manual" link. Good stuff there.

~arno