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Strategies & Market Trends : Point and Figure Charting

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To: Teddy who wrote (2074)3/29/1998 8:47:00 PM
From: Ms. X  Read Replies (1) of 34813
 
Hey there Tedster,
Ya want to know about NE? Here is the chart (since you like them so much)
Resistance in bold

39 * |
38 X * |
37 X X B O * |
36 X O X O X O * |
35 ---------------------X O X O X O ----* --------+------------------
34 A O X O X O X * |
33 X O O X O X O X * |
32 X X O X O X O C O * | X
31 X O X O X O O X O * | 3 X
30 -------------8 --9 O X ----O ------O X O X --X * --------X O X ---
29 X O X O O O X O X O X 2 X O X
28 X O X O X O X O X O X O X O X
27 X O X O * O X O X O X O X O X
26 X O X * O 1 X O O * O X
25 -------------X O X ------------------* --------O X ----* --O X ---
24 7 O * O X * O
23 6 X * O X * <--Stop point.
22 X O X * O *
21 X O X * *

WCOM: Still Extended.

45 ---------------------------------------------------
44 X Top
43 X
42 | | | X
41 | | | 3
40 +-------------------+---------------------+-X ---
39 | | X | X
38 | | X O | X <---Good pullback entry point.
37 | | X X O | 2 Med
36 | | X O X O | X
35 +-------------------+---X --X O X O B ----+-X ---
34 | | X O X A O X O C | X
33 | | 7 O 9 O X O X O X
32 | | X 8 X O X O X O X
31 | | 6 O X O X O X O X
30 +-------------------+---X O ------O X O X O X Bot
29 | | X O O 1 X
28 | X | X O
27 | 6 8 O 1 X | *
26 | X O X O X O X * <--Stop point.
25 +---5 O X --X O X --X O 5 --------------* | -----

Remember the market is very extended so let these stocks come to you,
don't chase them. NE looks OK here and on pullbacks.
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