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

To: wizzards wine who wrote (1840)3/17/1998 2:21:00 PM
From: Jerry Olson  Read Replies (2) | Respond to of 34805
 
Thanks Preston

I was thinking it might have to print 82 for the box to print...

It did reverse up a 3 box move, now it reverses back??? I dunno guy, where the hell is Janie????

HELP!!!!!!



To: wizzards wine who wrote (1840)3/17/1998 6:54:00 PM
From: lobster  Respond to of 34805
 
With the last X entered being at 86, a three box reversal would occur if the stock did not it a high of 87(which it did not) and the stock's low was 83(low was 82 5/8). Because of the price action,a 3 box reversal down to 83. Jerry, remember 82 5/8 = 83 in a down trend. The stock would have to hit 81.9999 to be 82 in its current down trend.

later,

lobster


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