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

To: Smooth Drive who wrote (12933)	1/22/1999 5:52:00 AM
From: Bwe	Read Replies (1) \| Respond to of 34811

Eric, Thanks so much for the CMB chart. With regard to MO, the chart is a perfect illustration of a High Pole Top (HPT) and it's implications. I take it that you like the stock at lower levels or that you are a believer in the long term prospects for the stock? Horizontal support as you call it is at current levels, with the next horizontal suppport at $40 - $41. Speaking of High Poles, it's getting that I can't even look at DWA's Idea Generator anymore as just about every stock recommended there, is currently, or has recently been, in a High pole pattern of one type or another. A quick look at yesterday's recommendations shows three stocks that have recently had HP's. I believe the philosophy of the Idea Generator is to recommend stocks on a pullback near the BSL, however, the High Pole pattern has been seemingly overlooked in the programming or in the decision making process. As you know, Eric, anyone who is a reader of Chartcraft's publications over the years, has been taught to at least recognize and pay close attention to the potential consequences of High Poles. JMHO, and with so many other wonderful tools for p&fer's, it's easy to overlook this one minor flaw in DWA's arsenal. Take care, Bruce

To: Smooth Drive who wrote (12933)	1/22/1999 10:56:00 AM
From: ViperChick Secret Agent 006.9	Read Replies (2) \| Respond to of 34811

for those that watch CNBC and who follow L. Biryini..he will be on in the 11:00 hour..I think that is when it will be

To: Smooth Drive who wrote (12933)	1/25/1999 1:13:00 AM
From: SpongeBrain	Read Replies (1) \| Respond to of 34811

Elder's book quickly mentions LAGGING moving averages. Can someone please explain the basics in more detail? Or point me to a previous post? Thanks for the help!