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Strategies & Market Trends : Point and Figure Charting

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To: The Perfect Hedge who wrote (1394)3/4/1998 6:20:00 PM
From: wizzards wine  Read Replies (1) of 34814
 
Hi Glen, I sent this 1 hour ago, but just came back and it wasn't here. STRANGE!!!!

I'll try again:
EVI- RS still in a column of O's. EVI broke a double top at 50 on monday giving a second buy signal and is across the resistance line. Your at a nice pull back of 48 and a stop loss of 42 would break a double bottom. Vertical count gives a target of 66, but you've got lots of resistance along the way at 52,54,55,56,60,and 61. Would have been real nice if she'd broken 52 before the pull back.

Hope Jan will give you some insight and this sector keeps moving around.

I thought you'd sworn off the oil service sector.

Still learning but hope it helps
Preston
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