Point and Figure Charting Message Board

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Strategies & Market Trends : Point and Figure Charting

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To: JHR who wrote (460)	2/6/1998 6:30:00 PM
From: Ms. X	Read Replies (3) of 34812

JHR, Well this stock isn't volatile is it? Way up, way down. If the charts let you go in circles and 45 degree angles I bet this guy would do it. The problem I have reading this is I don't see a bullish or bearish support line. I can't tell where it is and I need to know. I'll have to check through Dorsey Wright for the answer. Other than that, the relative strength is weak and may give a sell signal soon. On the trend chart it did break a double top but it looks to be sitting at resistance at 27.8 ( I don't know where it traded today) 28 would break resistance. With RS being so weak I would be careful. Looks like it could really swing out of favor. Jan

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