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Non-Tech : Dorsey Wright & Associates. Point and Figure
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To: STYK who wrote (9062)8/30/2000 9:09:41 AM
From: Doppler  Read Replies (2) of 9427
 
Styk- ORCL obviously looks good. It's relative strength versus the Dow is on a buy signal right now. It is also currently increasing in relative strength vs that benchmark. It's peer group (sector) is in a favorable position right now as well when you look at the % of stocks that are on buy signals. Having said all that, it has also recently broken out.

Lets now look at it's individual chart.

regular chart- recent triple top break. Your current risk to reward ratio is 21/8 with the price at 88. Not bad, but not quite the 3 to 1 that most people look for. If you do initiate a position here, make it a small one. I would wait for the pullback at least into the mid 80's, and preferably the low 80's.

On the 2 pt chart it recently had a spread double top break but is right at some resistance. Again, any position should be minimal with a pullback to the mid 70s a perfect entry point, but anything into the low 80's good. Hope that helps. JMHO of course.
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