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Strategies & Market Trends : Point and Figure Charting

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To: edward miller who wrote (22263)	7/9/1999 2:33:00 AM
From: Dana Johnson	Read Replies (1) of 34808

Hi, I am not anyone and definitely a novice, but I'll tell you what I see. (Maybe we'll both learn more after Tom or Jan or one of the many other pro's take a look.) CORL: Broke a double top on 7/6/99, it is in an uptrend above the bullish support line. There is well defined resistance at $5. A move to $5.5 would break a spread quad top. Support is at $3.5 and the BSL is at $3. I am going to watch this, it looks quite tradable. MEXP: Looks to be basing constructively over the last couple of months but still in a down trend trading below the bearish resistance line (at $3.25). An advance to $3 would break a triple top. Next resistance is at $4.5-$5.0. I would want to see the pattern firm up a bit and reverse the trend up, but it does have possibilities. Only my dog has a license.... dana

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