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Strategies & Market Trends : Point and Figure Charting

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To: Tigress who wrote (21606)	6/22/1999 1:17:00 PM
From: Ms. X	Read Replies (2) of 34811

Doesn't necessarily mean a no go. My questions are these: How do you know 35 is the top? Why is that your sell point? Is it a guess? These are important questions. Guesses don't work very well, sometimes they do of course but they should be backed by the chart. If 35 is a sell point because it reached your percentage gain objective, stick to your plan and sell the stock. But my last question is this; why would you think 33 would be the bottom to re-buy? There is nothing on the chart to support this. You have to have confirmations on the chart. 35 isn't at any resistance level, it isn't a high pole - so I can't see why it would be an sell objective unless it meets another criteria of yours. ORCL could reverse down on its chart to 33 and then bounce off creating a better stop objective for you in the future. My suggestion is if you are worried about losing profits stop up your position, trailing 3 points or so. With the RS in O's it isn't unreasonable. You can also wait for the momentum to turn negative which would indicate a pullback is in the works. Does this all make sense? Don't panic Tigorama, the stock has been doing well. Set a goal and stick to it and don't look back. Kay? Jan I am

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