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Strategies & Market Trends : Point and Figure Charting

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To: Luce Wildebeest who wrote (1185)2/27/1998 11:53:00 AM
From: Ms. X  Read Replies (1) of 34813
 
Hi Calvin,
NSN has a weak Relative strength and is sitting at a spread triple bottom at 22. It is also trading below its bearish resistance line. If it breaks this triple it would be the 5th consecutive sell signal. If you own it watch for this signal if looking to buy, wait for some strength. Resistance at 28. I'd look at others in Semi's. Remember this sector has been rallying but this stock keeps going down. Not a good sign.

Best of luck,

Jan
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