Maybe my recent post is attached to another post or maybe I didn't send it or maybe it just wasn't posted, but here is a summary.
Point and figure charts were wrong regarding stocks such as TXN near their highs and could continue to be wrong since they assume a trend will continue without exceptions due to news, insider sales, etc..
Also, even supposed bearish articles on CRM suggest waiting to short the stock higher. Notice that if someone was waiting for stocks such as SHLD and OPEN to go up more before breaking down, the traders who waited weren't able to short those stocks. Second, while the point and figure chart years ago showed TXN going to 120, the stock dropped down through the 80's, 79's, 60's, 50's, 40's and 30's despite having earnings.