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


To: Tigress who wrote (11567)12/16/1998 5:17:00 PM
From: Bwe  Respond to of 34808
 
If you are a follower of the Chartcraft method of P&F charting, chart notations are based on intraday highs and lows. A stock's closing price is only significant with regard to the actual high and low price for the day. For those following the Bullish Shakeout for CMB, the stock completed the pattern with a move to $62. $64 would add more bullish fuel to the fire with a low pole buy signal. The low pole would greatly increase the already good odds of a Triple Top buy signal at $66.

Take care,
Bruce