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Strategies & Market Trends : Point and Figure Charting
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To: absol who wrote (2563)4/23/1998 1:37:00 PM
From: Ms. X  Read Replies (2) of 34809
 
Hi Amantha,
Love that name!
Look forward to seeing you at the seminar.

IMRS has pulled back to support after being unable
to create a higher top. The RS is still positive
but the daily and weekly momentums have turned
negative. If it moves to 36 that would be two
double bottom breaks and a negative sign.
TA wise, IMRS is starting to look a little
suspicious. What does the FA say?

44
43
42 X
41 X O X
40-----4 O X O ------------
39 X O X O
38 X X O X O
37 X O X O X O
36 X O X O O <--support level
35 X O ---------------- Med
36 X <--Stop point.
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