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Strategies & Market Trends : Point and Figure Charting

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To: Ms. X who wrote (2127)	4/5/1998 9:12:00 AM
From: Teddy	Read Replies (1) of 34811

Jan, i'm just getting caught up on the last 90 post but i need to ask you about this: David asked: ...NE has recently broken a double top, is in the Oil Service sector with RS a buy in a column of O's. Would you wait for a pull back to make an entry? Jan replied: Yes, pullback to 28ish stop of 23. Teddy's question: OK, if we add the last three days, would the answer be: "Wow David, NE is getting ready to take off: Broke double top 31ish and moved nicely into next resistance 33 /34. If it breaks 34 there's not much resistance until 38. Buy on a pullback to 31 or on a breakout above 34. And maybe a stop just above 28." Is that kinda right, or am i not getting it at all? Thanks.

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