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Strategies & Market Trends : Point and Figure Charting

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To: MulhollandDrive who wrote (12778)1/15/1999 5:52:00 PM
From: Ms. X   of 34823
 
Here is the 5 box chart for CMGI. It is helpful to increase the box
size to knock out some of the volatility. The chart here shows support
at 90 with a high on the chart of 155. Today CMGI reversed into O's
falling within one box of the support level. If you want to enter
CMGI, can do here with a stop of 85. Of course, you understand how
volatile it is and that it currently has created a lower top (as Jorj)
pointed out.
Hope this helps.

160 | |
155 | X
150 --------+---X O ---------------------------
145 | X O
140 | X O
135 | X O
130 | X O
125 --------+---X O X -------------------------
120 | X O X O
115 | X O X O
110 | X O X O
105 | X O X O
100 --------+---X O X O -----------------------
95 | X O X O Top
90 | X O
85 | X
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