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Strategies & Market Trends : Point and Figure Charting

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To: Judy who wrote (2214)4/3/1998 7:58:00 PM
From: wizzards wine  Read Replies (1) of 34814
 
Hi Judy, Took a peek at QCOM, SUN, VIAS and see the following:
QCOM has RS in a column of O's, not so good . Broke a double top just below the bearish resistance line at 55. It would need to break the 55 and then began trading above the line to change its trend.

SUN has it's RS in X's, formed 3 lower lows in a row and then a buy signal at 43. Still above the bullish support line at 35. Going below 35 would violate this line and not be good.

VIAS has again RS in O's. Its been trading below the bearish resistance line for some time now. I'd say yes this one gave you warning.

Just my thoughts
Later
Preston
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