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Technology Stocks : Stock Swap

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To: lonema who wrote (16883)12/16/1999 3:25:00 PM
From: Patrick Slevin   of 17305
 
I'm not much on stocks, I am afraid.

There is a free trial on the Point and Figure Site. You can take a look at the Chart. I am off the Free Trial period and waiting for my subscription to kick on so I cannot look at it myself.

The location is dorseywright.com

The Bar Chart looks like a rocket ship, however. There is a Gap below 75 that probably should be filled, perhaps that would be a nice target entry, or if you wanted to play it safe I guess you could take a partial position now and add on the filling of that Gap. I don't know the Sector so I cannot get a rough idea how it is in terms of Relative Strength inside it's sector.

I like to Buy Stocks with strong Relative Strength with relationship to their Sector, and prefer Sectors that are strong or strengthening.

Aside from that, I'm of no help sorry to say. My trading vehicles are primarily the Futures Markets, specifically S&P. So Stock is a sideline.
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