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Strategies & Market Trends : Point and Figure Charting

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To: Ms. X who wrote (307)	2/3/1998 3:23:00 PM
From: Ms. X	Read Replies (1) of 34816

What on Gods green earth happened to Newbridge? Well, I'm here, as always, to tell you. As my Mother used to say, "mind your bullish support line, dear". Again another stock trading below the bearish resistance line, whose RS is negative and on a sell signal and whose daily/weekly and monthly momentums are/were negative. This chart couldn't have told you any louder there was trouble. If you didn't believe it at 45 (yes, way back at 45) when it broke its bullish support line (the one my mother warned me about) and then you didn't believe the three sell signals afterwards, then you had to have been smacked into reality when it dropped another 5 points today. Now we are at 20. Ouch. Could have saved 24 points "minding your bullish support line". Watch those charts. They speak loud and clear. Jan

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