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Strategies & Market Trends : Point and Figure Charting

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To: james ball who wrote (11191)	12/8/1998 5:22:00 PM
From: Bwe	Read Replies (1) of 34816

Tom, THNK just came off a High Pole at the Bearish Resistance Line at $12. The revised BSL at $9 was able to hold for a good sign. Also, with today's reversal, THNK is showing rising bottoms for another good sign. THNK came off a Bearish Signal Reversed pattern at $11 or so in October, and that led to a good % move to $16 in a short period of time. The stock had it's first High Pole at $12 after rising to $14. With the RS on a sell and in a downtrend, and coming off two High Poles, the stock looks to be a risky trading vehicle with upside to $15. A Bullish Resistance Line also awaits at $15 1/2. The bullish po is $31 and that suggests the stock has the potential for a very good move. Just don't like the High Poles . I'd keep a stop at $9 on a trade from here. Best regards, Bruce

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