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Strategies & Market Trends : Point and Figure Charting
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To: lobster who wrote (2001)3/26/1998 9:35:00 AM
From: Ms. X   of 34816
 
Ahh, haaa. Grasshopper, you may have found something.
ABF just reversed its RS into O's and has given a double bottom break. It is in the airline sector (which you know my position on that).
Your stop would be kind of high from here (43) but watch to see if you get some rally. Not often does it continue a downstreak all at once. Oh, they do and we wish we had them OXHP rings bells here but you know what I mean.
Take a look at strike and exp and see what you see. Let me know. All momentums are negative.

Jan
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