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

To: Smooth Drive who wrote (11951)	12/24/1998 8:20:00 AM
From: Bwe	Read Replies (1) \| Respond to of 34811

Royal Caribbean (RCL) update: RCL gave it's 3rd consecutive buy signal on it's p&f yesterday at $35. The Bearish Resistance Line (BRL) was broken in November with the move to $31 and the accompanying buy signal. By staying away from $29 on this recent pullback, the stock avoided a High Pole pattern and now looks like it's well on it's way toward achieving it's price objective of $56. The next brl is at $51. Regards, Bruce

To: Smooth Drive who wrote (11951)	12/24/1998 9:37:00 AM
From: chartseer	Read Replies (1) \| Respond to of 34811

Hi Eric: The one stock that always comes to mind is EGG. Over the years this stock has been a PnF nightmare. A long time ago when atomic energy was the fad this issue taught me that not every issue behaves accordingly. This experience with this issue was a learning lesson for me in PnF. I learned to be more flexible with my interpretations and with the number of boxes for the reversals. It also taught me to take a step back and look at the whole chart rather than the last blip. Just checked the chart today and it appears to still be a individual case these thirty some years later. One of the advantages of hand charting is you are working with a larger chart then the last three months or so. Remember, that not every issue that gives a buy signal will go up but every issue that goes up has had to have given a buy signal. Hope my babbling on has been of some help to you. Have a happy holiday! Chartseer