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Strategies & Market Trends : Point and Figure Charting
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To: Sergio H who wrote (2505)4/22/1998 10:13:00 PM
From: Ms. X  Read Replies (2) of 34811
 
Hi Sergio,

Looking at APCO it looks strong but it is sitting at the top of
its trading band. Usually stocks give some back at this point.
Your optimum entry would be around 13 with a stop of 11.5.
Weekly momentum is negative but the daily just turned positive.
RS is strong too. Sector at 64%

Here is the chart:

15.0-----------------------+---------| ---------------
14.5 | | X Top
14.0-----------------------+---------| ----4 ------X -
13.5 | | X O X X
13.0-----------------------+---------| X --X O X O X -<--Good buy point.
12.5 | | X O X O X O X
12.0-----------------------+---------| X O X O --O ---<--support level
11.5 | | X O X ? <--Stop point
11.0-----------------------+---------| X O X ---------
10.5 | | X O Med
10.0-----------------------+---------| X -------------
9.5 | | X
9.0 -----------------------+---------| 3 -------------
8.5 | | X
8.0 -----------------------+---------| X -------------
7.5 | C | 2
7.0 ----------------------+-------X O X -------------
6.5 | X O X Bot
6.0 -----------------------+-------A 1 ---------------
5.5 X * X | *
5.0 -----------X --X --B O 1 * ----X | ----------* ---
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