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Strategies & Market Trends : Point and Figure Charting

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To: Harold who wrote (678)	2/15/1998 11:23:00 AM
From: Ms. X	Read Replies (4) of 34816

Hi Harold, Welcome! SYMC looks to be doing fine to me. Some pullbacks but trend is positive. Looks like in October it had a healthy pullback just like everyone, but the good news with SYMC is it didn't violate its bullish support line. This is very important. It has decent resistance here at 25 and we would like to see it move past it. Next resistance at 28. As far as momentums, the daily is negative but a fraction away from turning positive. Weekly is positive and the monthly will turn positive at 28. The relative strength is strong (RS compares how this stock to the rest of the market.) Vertical count gives it 45. Your stop would be 19.5 double bottom break and violation of the bullish support line. Take care, Jan

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