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

To: Quest who wrote (1771)	3/13/1998 6:39:00 PM
From: wizzards wine	Respond to of 34822

Hi Quest, In looking at RCOT the first BUY sign off the bottom of 11 in in May 97 and gave a 6 x 1/2 box count for a 3 x 3 = 9 + 11 = Target of 20. If you called the column of O's in Aug 97 with the * in the column a double bottom with support as the columns of X's are higher than the previous X column than your count would be 10 x 1/2 box size =5 x3 = 15 +11.5 = target of 26.5 ... Your about there at 24 with a 3 box reversal. RS is sell in a column of X's. Kind of extended and we need to let the chart develope further. Hope that helped Preston