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

To: Ms. X who wrote (16774)	4/5/1999 2:43:00 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 34811

DLIA DT breakout. Damn! I sold my calls and all I have is 100 shares.

To: Ms. X who wrote (16774)	4/5/1999 4:06:00 PM
From: carl morgan	Respond to of 34811

I'm a definite P&F convert. After looking at Blumenthal's original book in the library some two years ago (a result of a techical analysis search), I decided to get Tom Dorsey's book, and along with following this thread, I have learned so much. I love this thread and was passing out positive vibes/prayers/good wishes/ or whatever you want to call them, while you (Ms.X) were in the hospital, as I suspect were many others who you may not hear from. For me, P&F is the most logical method of stock analysis. I think the law of supply and demand is irrefutable and a method of analysis that incorporates this is invaluable. I have many questions that I have not asked, but would like to in the future, but one burning question and the reason for my post today is; What is a pattern break? Are you referring to a first buy signal after many sell signals? I am looking at the chart for CAMP and see the triple top buy signal which is the first buy signal since the double top buy in Sept/Oct 97 If that is a pattern break, what do you see with the following: BLS: double top buy along with continual buy signals on the way up in a bullish pattern, then some sideways movement followed by a double bottom sell signal in march 99, would you consider that a pattern break? PTEN: has been in a downward trend, and although there was a double top buy signal after the long O's column from 14.5 to 4.25 this is the first meaningful buy signal and a possible pattern break? What do you see as the meaning of a pattern break? If I was to be actively trading in the above stocks, I would think that lower prices were more likely for BLS and higher prices for PTEN, am I remotely close to reading these charts? Thanks and "Look after those vertebrae"