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Strategies & Market Trends : Point and Figure Charting

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To: Jerry Olson who wrote (1201)2/27/1998 12:26:00 PM
From: Ms. X  Read Replies (3) of 34818
 
Hey Jer,
I had looked at AVEI after all your exuberance...
They broke a double bottom after a lower top. RS is great but why can't they break the top at 82? Is this the end of the rally for a while?
CA is at a spread quad bottom at 45. Wait for a break to 49 to make sure they can break resistance. If they break down to 44 - yuckie poo.
ICN Wow is right. No good stop point. Needs a pullback. RS is great.
GDT Looks good, stop of 68.

What do you think of MRK at this level?

Jan I am
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