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

To: Smooth Drive who wrote (4447)	7/5/1998 7:47:00 PM
From: R Stevens	Respond to of 34810

As per your comments on: REPOSITIONS HIGHER, LOWER AND SIDEWAYS Before I start, a few definitions: A. Touch: B. Ostensible Penetration: C. True Penetration: My research has revealed that as prices are heading lower, the more touches of the BRL before ostensible penetration, the greater the resulting true penetration. This of course can lead to a multiple string of O's. ;)

To: Smooth Drive who wrote (4447)	7/6/1998 6:48:00 AM
From: Bwe	Read Replies (1) \| Respond to of 34810

Eric, great and interesting work. >>>On a separate but related matter, I've slightly changed the name of the Bullish Resistance Line (BRL) and the Bearish Support Line (bsl)<<< This is how I abbreviate the trend lines in my notes and charts. I capitalize the majors: Bullish Support Line (BSL) Bearish Resistance Line (BRL) And use small letters to identify the secondary trend lines: Bullish Resistance Line (brl) Bearish Support Line (bsl) I'm running out of time here this morning. Have to get ready to take my oldest boy to camp. I'll try to comment later on your fine work. Bruce