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


To: Bwe who wrote (7924)9/27/1998 9:01:00 AM
From: chartseer  Read Replies (1) | Respond to of 34809
 
Twenty boxes straight down with a 3 box reversal PLUS the fact that ISLI (a De Jager Index issue) holders received .55 shares of MIFGY for each share of ISLI in a merger of two depressed stocks. Can two negative issues turn into a positive issue? That is the question. In math two negative added are still negative but if times become positive. In English two negatives make a positive. In PnF a chart that drops twenty straight boxes or more and then reverses in most cases bounces back 1/3 of the drop.

Only my opinion I can very well be wrong.

Chartseer