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Strategies & Market Trends : Point and Figure Charting

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To: The Perfect Hedge who wrote (2335)	4/14/1998 10:06:00 AM
From: wizzards wine	Read Replies (2) of 34811

Hi Glen, In looking a CKR we have RS buy which is a long term indicator, the short term one is the column of O's that it is in and the trend is negative as it is below the bearish resistance line which is at 39. You got a triple bottom sell at 38 and completed a bearish catapult on 4-2. If my vertical count is correct, I think we have a target of 27. PLEASE UNDERSTAND that I am just beginning to look at the inverse of trading long and this upside down stuff is a little tricky, however this chart looks like ION, NSM, DMRK, PETC, and CMIN which are all short candidates. Hopefully Jan or lobster or someone else can validate my thoughts for you. Only my thoughts Later Preston

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