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

To: Tammy DeRosier who wrote (20172)	5/20/1999 12:56:00 PM
From: James C. Mc Gowan	Read Replies (2) \| Respond to of 34811

FHS: Is this a breakout today, printing 19.5? Is there an upside target, a gap up potential to 23+ on this chart? DWA says it is still RS = Sell Thanks James

To: Tammy DeRosier who wrote (20172)	5/20/1999 3:53:00 PM
From: Tulvio Durand	Respond to of 34811

If this be the logic for initiating a new bullish support line for SEG, doesn't similar logic apply for drawing a new bearish resistance line (which is not shown) when bullish support line was broken at 31? Thanks, Tammy. Tulvio

To: Tammy DeRosier who wrote (20172)	5/20/1999 6:24:00 PM
From: Dennis J.	Respond to of 34811

Hi Tammy, Would you please help with a price projection? CVG made a TT breakout today, and I want to project the upside. If I use the bottom of the last decline in 3/99 at 10, I count 8 X's before the reversal. All are 0.5 box size, so (8 x 3 x 0.5) + 10.5 = 22.5. Is there an adjustment now for moving from 0.5 to 1.0 box size? Does the lowest point after the last sell signal always determine the column to use? The sixth column on this chart gives a much higher target. Does this have any meaning today, or is it wiped out with the first reversal? My projection of 22, if correct, seems awful low for a tight TT break at 19.5. Don't these TT's usually run farther? Thanks, Tammy. Dennis