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Strategies & Market Trends : Point and Figure Charting
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To: Judy who wrote (3389)6/4/1998 10:55:00 PM
From: Ms. X   of 34816
 
AOL- Sorry, I posted the wrong stop point for shorts!
So sorry everyone. Recently I said that AOL would break a double
top at 81 and that was incorrect. 85 would be the double top and stop
on any short trades.
As it is now, the stock has rallied up but is still on a sell signal.
The momentums with the exception of the monthly, are still negative.
Still a viable short until the break at 85. Vertical count gives it
65 but I see good support at 70/71. You may choose to make this your
price target if short.
If wanting to go long, wait for demand to be in control. A couple of
buy signals and higher bottoms preferred.

94
93
92 X
91 X X O
90 ------------------------------------------X O X O X --------------
89 X O X O X O X
88 X O X O X O X O
87 X O X O X O X O
86 X O O O X O
85 ------------------------------------------X --------O X O ----<--Stop point
84 X O X O X
83 5 O X O X O
82 X O O X O X
81 X O X 6 X
80 ------------------------------------------X ------------O --O X --
79 X O X Med
78 X O X
77 X O X
76 X X O X
75 ------------------------------X --X O ----X ----------------O X --
74 X O X O X X O
73 4 O X O X O X
72 X O X O X O X
71 X O X O O <--Good support
70 ------------------------------X O --------------------------------
69 X
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