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Strategies & Market Trends : Point and Figure Charting

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To: Russell Gasperini who wrote (1332)3/2/1998 8:30:00 PM
From: Ms. X   of 34813
 
Hi Russel,
Glad you joined us!
CPQ has a great pullback right her. RS is strong and it is above its trend line. Also it has been making a series of higher tops with buy signals. The stop would be 25, a spread triple bottom.

AERN is not doing well. RS is weak and it is way below its bearish resistance line. The last signal was a sell and the third consecutive one at that. The last column of X's couldn't reach a previous high. Clearly supply is in control. Next sell signal would be at .75.
Would only consider, and for aggressive traders only, after the stock managed a buy signal. Possibly at 2.25. Otherwise sideline this one for now.

You can ask questions any time. I'm happy to help.
You will like Toms book. It presents P&F in an easier light.

Take care,

Jan
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