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Strategies & Market Trends : Point and Figure Charting

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To: Bill Turk who wrote (683)	2/15/1998 5:18:00 PM
From: Ms. X	of 34817

Hi Bill, So glad you can join us! I'm sure you will like the book and find it very helpful. Feel free to ask any questions as you read through the book. I'd be happy to help. We have a few here that know P&F quite well. When did you enter WCII? It has moved up tremendously this month. Prior to its huge move it had been trading above its bullish support line and the relative strength is strong. I would expect some pullback from here probably to 32 or so. This doesn't always happen but usually after a big run up there is some sort of a pullback. First sign of trouble would be a move to 22. This would break its short term support. Bullish support lies way down at 19. Even when the stock fell with the rest of the sector in October it didn't violate its bullish support line. Stock looks good. Jan

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