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Strategies & Market Trends : Point and Figure Charting

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To: epicure who wrote (23330)8/26/1999 1:23:00 AM
From: Ms. X  Read Replies (1) of 34811
 
US Steel has been underperforming for quite some time. It is coming close to the BRL and it looks to be basing.

The problem is the RS is negative and the momentum is negative but, if it moves to 31 it breaks a double top and 32 breaks the BRL. At that point you would want to buy on a pullback and check the RS.

If it moves to 25 that would be a bad sign, breaking a triple bottom.

Jan I am
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