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

To: Challo Jeregy who wrote (7685)	9/24/1998 7:25:00 AM
From: wizzards wine	Read Replies (1) \| Respond to of 34811

Morning Challo, normally once a stock has broken through the past trend line and forms a new trend, we no longer take issue with the past trend line...except to look at where previous support and resistance was in the trend. If it goes from the BRL to the bullish BSL we can look back to the bearish trend for a guide to any possible future areas where the issue had problems in the past...another thing to look at in looking back to trends in BRL is where the RS was..ie was it in O's or X's... If it held in RS X's, it would indicate a very strong trend and it could likely increase its strength even further when reverting to the BSL trend... Hope that helps Later Preston