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

To: Bwe who wrote (4380)7/3/1998 1:54:00 PM
From: Margaret Mateer  Read Replies (1) | Respond to of 34810
 
Bruce,

Thank you several times over for that report. I've been tempted to buy FON recently so let's say it was educational to see and learn about the Bull Trap by looking back over the FON chart and YIKES it is sure looks like just that - no extra box after the buy signal and followed by a reversal down into a column of Os. This will be interesting to watch. It's kind of you to relay us this information.

Peggy



To: Bwe who wrote (4380)7/3/1998 2:05:00 PM
From: superdow  Respond to of 34810
 
Bruce, does this mean that chartcraft has backed off
on its recent dow 8000 to 8500 prognostication?



To: Bwe who wrote (4380)7/3/1998 2:47:00 PM
From: Al Serrao  Read Replies (1) | Respond to of 34810
 
Bruce, I always look forward to your posts. Quite a few surprises. Thanks for the input.



To: Bwe who wrote (4380)7/5/1998 2:38:00 AM
From: R Stevens  Read Replies (3) | Respond to of 34810
 
"Bull Traps (stock gives a triple top buy signal and reverses down
into a column of O's without rising another box after the buy
signal-this is bearish)"

Bruce, does the following chart correctly fit your description of a Bull Trap?

Muchos Thanks, RS

10.87 X O X O X O X *
10.75 X O X O X 4 X O X *
10.62-X O --O --O X O X O X * -------------------------------------------------
10.50 O X O X O X O *
10.37 * O X O O X O *
10.25 * O O O X *
10.12 * O X O 5 *
10.00---* ------------------O X O X O * ---------------------------------------
9.875 * O X O X O *
9.750 O X O X O *
9.625 O X O O *
9.500 O X O X *
9.375-----------------------O ------O X O ------* -----------------------------
9.250 O X O X *
9.125 O X O X O *
9.000 O O X O *
8.875 O X O * Med
8.750-----------------------------------O X O ------------* -------------------
8.500 O 7
8.375 O X X O
8.250 O X O X X O
8.125---------------------------------------O X O ----X --X O X O -------------
8.000 O X O X O X O X
7.875 6 X O X O X O X
7.750 O O X O X O
7.625 O X O
7.500-------------------------------------------O ----X -----------------------
7.375 O X X
7.250 O X O X
7.125 O X O X
7.000 O O X
6.875-----------------------------------------------O X -----------------------
6.750 O Bot
6.625
6.500
6.375
6.250 -------------------------------------------------------------------------



To: Bwe who wrote (4380)7/5/1998 11:27:00 PM
From: Challo Jeregy  Respond to of 34810
 
Hi Bruce. I took a look at BCF, as its name popped up in several places recently. Now I have a question.

It was basing for a while around 18. On June 15, it started moving. Since then, it has gone up to 25, with good accummulation, the most advance within the last 5 days.

On July 3, you said it was Bullish RS reversing to an up column.

Would you expect a little pull back at this time? I have a couple more companies that I'm watching, with the same scenario.

TIA, and for all of your hard work.
Challo


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