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Strategies & Market Trends : Point and Figure Charting
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To: Chris who wrote (3013)5/13/1998 3:45:00 PM
From: Ms. X   of 34823
 
Hi Chris,
SUNW is still trading below the trend line and the RS is in a column
of O's. The daily mom is negative as is monthly while the weekly is
positive. You would want to wait for it to give a buy signal and break
the brl at 44 before considering. I'd be careful though with that RS
in O's and the market extended. Stop would be 38 a triple bottom break.

Here is the chart:

53
52 Top
51 *
50-------2 * -----------------
49 X O *
48 X X O X *
47 X O X O X O *
46 X O X O X O X *
45---X O --O X 3 X O * -----
44 X O O X O * ? <--Signal that demand is coming in.
43 X O X O * ?
42 O X O X O X X ?
41 O X O X O X O X ?
40 O X --------O X 4 X O X ---
39 O * O X O O
38 * O <--Stop point
37 *
36 *
35 --* -----------------------
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