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

To: chartseer who wrote (14835)	3/3/1999 10:46:00 AM
From: papi riqui	Respond to of 34811

Mr. C. >>When I am hand charting a stock and it splits I very often keep two charts going for a while. Since I have a better feel for the older presplit chart and it will take time to develop the same feel for the new chart. This happened in DIS. When the new presplit chart gave a distorted picture of DIS the old chart still had the bearish presplit picture. Wish I had kept the old DIS chart going with it's head and shoulder pattern intact.<< I concur. In the case of CPWR, the pre-split chart showed a bearish catapult breaking below the BSL while the new chart shows only a double bottom break above the BSL. This gives a rather different view of the stock's very recent trading history which this novice P&Fer finds a little bit bewildering! PR