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


To: wizzards wine who wrote (656)2/13/1998 5:44:00 PM
From: Ms. X  Respond to of 34811
 
I think we got messages crossed.
Allan, who is very quickly learning P&F, noticed a "long tail" pattern on RAIN.
I had mentioned it better to wait for the chart to firm up and he noted it says differently in Dorsey's book. Then I said, true but I haven't seen the strategy used too much. Actually, it can be used for a dead cat bounce. I've never done it.
He also found a very nice bearish signal reversal in LGND. Very nice.

Jan