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Strategies & Market Trends : Point and Figure Charting

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To: Ms. X who wrote (785)2/17/1998 9:52:00 PM
From: Broken_Clock   of 34820
 
Jan,
You may want to get a second opinion on CDG by looking at a 60 minute candlestick chart of todays action. The drops came on weak volume. The heavy volume came on buying.Candlesticks are a great tool for short term trends.The reversal confirmed last week was shorted by the oil news and Bollinger on CNBC. I expect the real money is still there and support will become evident in a day or so.
Adios, PK
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