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Strategies & Market Trends : Point and Figure Charting

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To: lobster who wrote (153)1/28/1998 1:21:00 PM
From: Ms. X  Read Replies (1) of 34810
 
You are a selfish Lobster but I don't blame ya.
In oil service everything is below the bearish resistance line. Those getting close to breaking the resistance are: GLM, BHI, and NE (very close).
I'm going to take a good look tonight. I think the sector has moved up another 4% this week. I'll confirm when the numbers come in tonight. This wouldn't create a buy signal on the sector but a good indication as to where it might be headed.
I was thinking of breaking stocks into sections tonight for analysis. For instance: Those with positive daily momentums, relative strength in X's and O's. Any new buy or sell signal. I'm not going to do all stocks since it would take for ever. What do you think?
Jan
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