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Strategies & Market Trends : Point & Figure - Beginners (Real Green) -- Ignore unavailable to you. Want to Upgrade?


To: wizzards wine who wrote (292)5/19/1999 5:23:00 PM
From: James C. Mc Gowan  Respond to of 322
 
Beginners Question RE: FHS this had been in a long term downtrend from the 30's+; recently hit 15, was this a triple top breakout?
Looks like another double top breakout at 18 and today, a another double top matched, not broken when it printed 18.5 interday
DWA says is is RS = Sell, back to 5/14/96.
If this prints 19.5, does this constitute another double top breakout?
Also, I see a potential for a gap up after 19.5 up to 23, is this correct?
Thanks, this is my first question(of many, no doubt)
Regards,
James