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

To: LTK007 who wrote (5675)	8/11/1998 12:13:00 AM
From: Ms. X	Read Replies (1) \| Respond to of 34811

Hi Max, Actually, PSIX just completed one of the fave patterns in P&F, A bearish signal reversal. This pattern is established after 5 columns of descending X's and O's and then a reversal to the upside creating a double top. Has one of the highest percentages of return (in a bull market, bear market is less). Also, PSIX never broke its trend line (bullish support line) and the Relative strength is in X's. We consider this a positive move but with the current market conditions, you would of course have stops in place. 21 X 20 -----------------------X O X <--Lower tops (X's) 19.5 X O X O 19.0 ---------------------X O X O ----X <--Reversal up and a double 18.5 X O O X X top break. 18.0 ---------------------X ----O X O X --- 17.5 X O X O X 17.0 ---------------------X ----O --O X --- 16.5 X O X 16.0 ---------------------X --------8 X --- 15.5 X X O X 15.0 -----X --X ------X O X --------O X --- 14.5 X O X O X O X O <--Series of lower bottoms (O's) Hope this helps. Please feel free to ask any questions. Happy to help! Jan I am