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

To: Lyn Benson who wrote (12242)	1/4/1999 5:43:00 AM
From: Bwe	Respond to of 34823

Good morning, Lyn. BVSN would have to move to $33 intraday today and not have a chart notation in O's at $27 in order to qualify as a Low Pole pattern. Recall that it's a 50%+ retracement of the previous descending O column. BVSN meets all the characteristics of a low pole except for the + part (of course, there's no guarantee that Friday's action will cause a chart notation after today's trading). In a Bull market, low poles work out pretty well. When the market is bearish, not so well. Michael Burke likes the low pole formation for mutual fund p&f charts best. Aby makes a case for multiple low poles as being a good indicator of accumulation. Good luck. Bruce