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

To: Bwe who wrote (9739)	11/16/1998 5:56:00 PM
From: Judy	Read Replies (1) \| Respond to of 34808

Bruce, Can buying climaxes indicate a period of consolidation rather than a selloff? I am specifically referring to the climaxes in CSCO, SUNW, and MACR. Thanks.

To: Bwe who wrote (9739)	11/16/1998 7:59:00 PM
From: Gwolf	Read Replies (1) \| Respond to of 34808

Bruce, help me out a little bit here if you would. I'm new to PnF and am about 1/3 of the way through Dorsey's book. I don't see anything in his book about buying climaxes, this must be a Chartcraft thing.I'm looking at ABT in particular and don't see a volume climax on the stock, it's still within it's standard deviation parameters and hasn't hit an outside band, it didn't exceed 70 % on my RS readings and then drop back so I really don't understand this buying climax. Would you mind educating someone new to PnF. Gwolf