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Strategies & Market Trends : Point and Figure Charting

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To: Jorj X Mckie who wrote (2555)4/23/1998 1:09:00 PM
From: Ms. X  Read Replies (3) of 34809
 
You know I had Yahoo shorted yesterday and 10pts ago. ^&*$&$&.
Anyway,
Yahoo:
I know this stock is way too extended. I'd expect a good pullback.
92? Who knows. Stranger things have happened. If the market wasn't
extended I'd say probably not but with current conditions, it could.
130 ----------------------------------------------------------------
128 X X
126 X O X O
124 X O X O
122 X O O
120 ----------------------------------- ----------X ----O -----------
118 X O Top
116 X O
114 X O <--Whoopsie!
112 X
110 ---------------------------------- ---------X -----------------
108 X
106 X
104 X X
102 X O X
100 -------------------------- ---------------X O X -----------------
99 X O X
98 X O X
97 X O X
96 X O X
95 --------------------------------------X --X O X -----------------
94 X O X O X
93 X O X O X
92 X X O X O <--Next support level
91 X O X 4
90 ------------------ -------X O --------X ------------------
89 X O X
88 X O X
87 X O X X Med
86 X O X X O X
85 --------------------------X O X O X O X -------------------------
84 X O X O X O X
83 X O X O X O
82 X O O
81 | X
80 ----------+-------------- X -------------------------------------
79 | X
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