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Strategies & Market Trends : Point and Figure Charting

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To: JERRY DEUTSCH who wrote (287)	2/2/1998 12:27:00 PM
From: Ms. X	Read Replies (1) of 34817

Hi Jerry, I look for where the stock is trading and levels of support. If a stock is trading in a range of 60-65, for example, and it breaks to the upside at 70. I would then want to see a reversal to the 65 area to buy in again. Sometimes this doesn't happen. One could buy on the 3pt reversal and add more if it does trace back to the 65. It isn't always buying back to the lowest O's. Look for trading bands. We always look at the full trade of the day. That would be the highest and lowest trade. Doesn't matter where the stock closed at. I am waiting for a pullback on Dell for example, because it has run-up so fast. Dell has a history of not giving any pullbacks however. It is a hard one to judge. Swings both ways quickly. Ask any question, I'm happy to help, Jan

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