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Strategies & Market Trends : Point & Figure - Beginners (Real Green) -- Ignore unavailable to you. Want to Upgrade?

To: Bwe who wrote (56)	12/28/1998 1:30:00 PM
From: quote 007	Respond to of 322

bruce i've been reading your posts for quite some time and find them very educational---not to drag this on and i do see were jan is comming from---but in regard to MER--would drawing in a brl from the high of 80 be appropriate--and if so --would you consider this a good short/put candidate with a stop at 74-75 thanks

To: Bwe who wrote (56)	12/28/1998 1:49:00 PM
From: Ms. X	Respond to of 322

Your point is valid Bruce but as with any learning experience, you must fully understand the basics before moving into the advanced. What you speak of is a very advanced technique and those on this thread need to understand the underlying issue first. One must learn balance before riding a bicycle. Jan I am

To: Bwe who wrote (56)	12/28/1998 2:09:00 PM
From: leslie jo	Read Replies (2) \| Respond to of 322

I've also been trying to figure out the BullishRL for CKFR. Dorsey's book states: The BullishRL is drawn by moving to the left of the last buy signal and going to the first wall of O's....then go to the column of X's right next to the wall of O's and begin drawing your trend line... I'm assuming Dorsey means, when looking at a chart, the last buy signal would be after the break of the BearishRL, when one can officially go to the lowest O and draw in the BullishSL. Then one can find the BullishRL (which parallels the BullishSL) and draw that in. In Checkfree's case (CKFR), if a DTbuy signal were to occur at 21, that would be the last buy signal after the break of the BearishRL. So the BullishRL for CKFR would be above the X next to the wall of O's which would be above the X at 31? Thanks in advance, LJ