EZ-PnF V2.1 Sample chart of INTC (04/09/98):

Notes:

• The chart is a 3 box reversal Point and Figure chart.
• The chart is based on daily high and daily low prices.
• The chart is a 2% logrithmic chart, ie each chart box represents a price change of 2% of the value of the box above or below it.
• Three possible support prices and three possible resistance prices are shown, as well as the support/resistance lines.
• A 'resistance' or 'support' point is a price where an issue's upward or downward price movement may 'stall'. The ultimate result of the 'stall' may be either a continuation or a reversal of price movement, depending on whether there are more or less sellers than buyers at the specific price point.
• INTC was trading within an overall bullish trading channel. But INTC recently broke through the bullish support line and began an overall bearish trading channel. INTC is currently in a downtrend column ('O'). Support may be seen at points S1, through S3. If the current downtrend column ('O') reverses into an uptrend column ('X') then resistance may be seen at points R1 thru R3. Resistance point R3 must be broken, on volume, to return to an overall bullish trading channel.