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Strategies & Market Trends : Point and Figure Charting

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To: Luce Wildebeest who wrote (642)	2/13/1998 12:00:00 PM
From: Ms. X	Read Replies (1) of 34811

Hi Calvin, NMGC is trading above its bullish support line which is good. It has lots of resistance at 1.5, 20, 21 and 22. The relative strength is negative as is the daily momentum. Weekly momentum did flip positive while the monthly remains negative. It is in the computer sector which is performing very well. Because of this we expect the stocks to do well, no bottom breaks. If bought here, use a short term stop of 17 a triple bottom break. If longer term use 15 as a stop, violation of the bullish support line. See ya, Jan

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