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

To: MulhollandDrive who wrote (10598)	12/1/1998 5:35:00 PM
From: Bwe	Read Replies (2) \| Respond to of 34810

No problem, bp. BSL stands for Bullish Support Line, a stock's primary support line on a p&f chart. When a stock has bullish relative strength AND is also trading above it's Bullish Support Line (BSL), the main trend of the stock is said to be bullish. Chartcraft calls these "good" stocks. STUL1 and STUL2 stands for Short Term Uptrend Line #'s 1 and 2, #1 being the closer one to the stock's current chart position. Short Term Uptrend Lines are an attempt to make p&f chart trendlines more sensitive and responsive to the current chart position of a stock. When a stock has risen far above it's BSL, STUL's,Intermediate Uptrend Lines (IUL), and Revised Bullish Support Lines can be drawn in on the p&f chart to help alert the chartist of impending short/intermediate term changes in trend. Take a look at Eric's beautiful chart of LU where he included all the trendlines I mentioned in my morning p&f update for Judy. Eric and I have discussed these concepts that were introduced to us by Dr. Carroll Aby, who worked with Chartcraft in the writing of his p&f classic; Point & Figure Charting: The Complete Guide (revised 1996). I would strongly recommend this book for any p&fer looking to enhance his/her own p&f charting skills. exchange2000.com Good luck to you. Bruce