* Always pay attention to volume increases in any stock issue.
*The First Sell Signal in a point and figure chart in a bull market is the recognition of a very strong buy signal. This is particularly true when the stock is coming off a “double top” in pnf charting language. If it breaks out later it will give a triple top buy signal. This is the “shakeout” period
*A climax top is reached when a stock has moved up many months, and then moves 25% to 40% up further within a three week movement. This is a classic top.
*In a double top the second decline must be lower than the first.
