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Strategies & Market Trends : Point and Figure Charting

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To: Ben Antanaitis who wrote (54)	1/23/1998 11:26:00 AM
From: Ms. X	Read Replies (1) of 34809

Hey Ben About IOM. It did give some indication of upcoming trouble when it traded just under its bullish support line in October/November. But the confusion came when it gave a series of higher tops until end of November. Then it started to loose demand and couldn't buy past previous resistance. First sign of this was in January when it didn't get close to its previous high of 16.5 before reversing down at the 13 level. Yesterday it broke a triple bottom at 11, the first sell signal. Didn't give a whole lot of room but it was trying to tell us something. Looks like IOM has support here at 8, next lower support around 6.5.

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