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

To: Jorj X Mckie who wrote (8411)	10/7/1998 11:10:00 PM
From: Ms. X	Read Replies (1) \| Respond to of 34812

Yes, but I know you still love your minions (released or not) so it's OK. My turn.. Listen here Mr Whining Man... I didn't come right out and say sell the damn thing did I? Noooo. I offered defensive options. (picture tongue sticking out). This could prove to be a buying opp but if I didn't mention the danger in the RS reversing negative, I'd be remiss in my P&F princess duties. I think I did say if you really liked the stock see if it holds the BSL. Wouldn't buy any here though baby cakes. You know the drill. Wait for the buy signals. Your stature is just fine but you sure can't take a joke...pbbbthhhh.

To: Jorj X Mckie who wrote (8411)	10/8/1998 5:50:00 AM
From: Bwe	Read Replies (1) \| Respond to of 34812

Good morning, Tom. I don't believe we have ever exchanged messages on the thread and I wanted to answer your question. I've been going on forever of late and I'm going to keep it short. I'm going to try at least...... In order for a break of a BSL to be considered valid, the trend line break must occur while the stock is on a p&f sell signal. That's the bottom line. If I were to make a Ten Commandments of p&f charting, somewhere in there would be: "A penetration of the BSL shall not be considered valid unless accompanied by a sell signal" CSCO at $43 on the chart, is in a bearish catapult situation and any break of the BSL would currently be considered valid. Taken one step further, valid trend line breaks alert us to continued weakness and a change in the long term trend. Speak with you soon. Bruce