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

To: JERRY DEUTSCH who wrote (400)	2/5/1998 9:44:00 PM
From: Ms. X	Respond to of 34811

Hi Jerry, Sure thing... A bearish resistance line is a line of resistance the "main resistance" for a stock. It is developed once the stock violates its bullish support line. If you were to look at a chart you would be amazed how stocks follow these support lines. If a stock is trading below its bearish resistance line, it is in a very risky position and most probably under performing the market. While above the bullish support line, it is probably outperforming the market. Vertical count. This calculates the momentum being presented in the stock. The calculation, whether up or down, will tell you a price the stock has the momentum to reach. Usually quite accurate. Mitigating circumstances can change this like a sector risk or market change. Hope this helps, Jan