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Strategies & Market Trends : Trade/Invest with Options Jerry a Point & Figure Chartist

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To: Oak Tree who wrote (2879)7/24/2001 7:28:14 AM
From: Jerry Olson  Read Replies (2) of 5893
 
Oak Tree

IMCL....depends on the markets...

it's directly in the middle of the P&F chart...any move back up into heavy resistance at 47, and then a breakout print of 48 would be a big buy there..and breakdown below 41 is a real no no..downside target would be mid 30's..if that low did not hold..

actually..it has made 3 consecutive higher lows...it must reverse up now...
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