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

To: Riskmgmt who wrote (18214)	4/16/1999 10:51:00 AM
From: Ms. X	Read Replies (1) \| Respond to of 34811

Actually, BA just made a double top, not a triangle formation. 43 is right at the BRL but I'm not sure what post you refer to that said it needed 43. Sometimes when stocks hit their BRL's they retrace back. BA needs 44 to break the BRL but it would be way too extended to buy. Looking at today's action it is holding steady at 41. This will probably be a reversal on the chart if it goes to 40 even. Typical reversal after touching the BRL. Now if the reversal down happens. Watch the stock. If it then reverses up and breaks another double top above the BRL, you have a nice confirmation of a bullish trend. Hope this helped and made sense. If not ask me to clarify. Jan I am