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Strategies & Market Trends : Point and Figure Charting

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To: bobster who wrote (1518)	3/7/1998 11:53:00 AM
From: wizzards wine	Read Replies (1) of 34811

Hi Bobster, Looked at the P&F for you and found following: AGE- All P&F signals are Positive. A stop loss of 35 would be a double bottom break. This one has 6 consecutive BUY signals, looks real nice on a pull back to 40-41ish. CGX- All P&F Positive. A stop loss of 48 breaks double bottoms. Breaking 56 would be a technical break out, I think. Wait for a pull back. FMY- RS sig is SELL, a stop loss of 32 would break double bottoms. A pull back to 39-41 would be nice. Nice chart> JMED- Momentum is Neg, 34 would break a double bottom for a stop loss point. Resistance at 40, tried to break twice and couldn't, nice to see it make 41 and then take on a pull back. RYL- RS sig is SELL and Momentum is Neg.Group is bear corrected +62. Broke double tops 2-9-98. Nice chart but would have to ask Jan about the sector risk. TR- RS is Sell, but the trend chart is very strong. Its been trading well about the trend line for some time. A stop loss of 58 would from a triple spread bottom, look for a pull back to the low 70's for maximum gains. Hope this helped Preston

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