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

To: Jerry Olson who wrote (15042)	3/5/1999 1:20:00 PM
From: Ms. X	Read Replies (1) \| Respond to of 34811

High Low chart. (partial) Not a buy signal today. People get confused about that. It is still on a sell signal but it has reversed up. It can now continue to rally or reverse back down to break another double bottom. This is why you must have stops in place if you are going to play this indicator. Short term. Caution. If confirmed by 10 week and Optional BP, we can become more aggressive. Find stocks that have held up well. RS in X's. High Low Index(hilo): 30 O X O ----X --\| O ---------- 28 O O X \| O 26 O X \| O X<--Reversed up here today. 24 O X X \| O X 22 O A O X \| O X 20 ----O X O X --\| O <--Low in March (current) 18 8 X O X \| 16 O X O X \| 14 O X O <--Low in October 12 O X \| 10 --- O X ------+------------- 8 O X \| 6 9 <--Low in September