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Strategies & Market Trends : Point and Figure Charting

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To: Hardline who wrote (25443)	7/8/2001 10:58:23 PM
From: Smooth Drive	Read Replies (1) of 34817

Hello Hardline, I'm not Null, although I play one on TV<g> but I did recently dump my MO. It had basically a) hit the PO I wanted, b) was banging its head against the second BLRL and I don't think it's going thru, c) it's nearing old horizontal resistance from 98, d) its RS chart topped and is now on a sell, e) two high pole warnings in a row, and both being thru a BRRL which is the most dangerous of high poles, f) I see it as a topping formation, with the falling highs yada yada yada<g>. OH!! You meant as a possible short or put purchase. Might be a good candidate for a trader<g>. Stock Chart: stockcharts.com RS Chart: stockcharts.com Take care, Eric

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