Point and Figure Charting Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Point and Figure Charting

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Augustus Gloop who wrote (20970)	6/9/1999 11:43:00 AM
From: Ms. X	Read Replies (1) of 34811

For the DOW watchers. The DJIA chart broke a nice pattern last week called a bearish signal reversal. It then rallied to 10900 and then reversed from resistance at that level. Today it has pulled back to a previous area of resistance which is quite normal. Today did not break any bottoms and the chart is still on a buy. This would be a normal pullback so far, this week. Support at 10450 and 10350. We will see what it does from here. It looks like the DJBB might add another O to the chart and it is still very over sold at this point. I know the market is talking higher interest rates and the scare is amongst us but remember, the rates have already rose and the DJBB is very over sold. This doesn't mean it can't move downward still and we will keep an eye on it. I think the market has 25 basis points built in. Looks like the indicators are holding steady. More buys than sells yesterday.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next