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Strategies & Market Trends : Point and Figure Charting

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To: wizzards wine who wrote (778)2/17/1998 11:23:00 PM
From: Ms. X   of 34816
 
Hi Preston,
Doesn't sound like the FA is in order.
Knowing this, I would wait to make sure it can break the double top at 24. Relative strength is strong but the daily and weekly momentum are negative. Daily momentum will flip positive at 24.6. If it can flip the daily momentum positive that would be a good short term outlook. Wait for the signal at 25, double top break, and then take a look at it again on a pullback.

Jan
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