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Strategies & Market Trends : Point and Figure Charting
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To: Jack Chen who wrote (2393)4/19/1998 11:35:00 AM
From: wizzards wine  Read Replies (1) of 34812
 
Hi Jack, TXI I would agree kind of
extended and would look for a pull
back.

On DF, what is it that you see changing
the RS to X's. The last two O's have
been lower the the previous ones.

Also on JNJ, RS sell in O's and a triple
bottom sell on 4-15.

50 day MA 73.06
150 day MA 66.07
200 day MA 64.57

daily and weekly MA are negative and the
RS column is going lower in a column of
O's.

I like JNJ so please tell me what you see
that is positive other that it is still
above the bullish support line way down
at 60, a 16% move.

Also noting that the drug sector just flipped
to Bullish Corrected from 62 to 56.

TIA
Later
Preston
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