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Strategies & Market Trends : Point and Figure Charting

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To: edward miller who wrote (2821)5/6/1998 3:57:00 PM
From: Ms. X  Read Replies (2) of 34811
 
Hi Ed,

HMTT has a weak RS and the weekly/monthly momentum is negative. It did break the bearish resistance line and has formed higher bottoms. I would call this a trade stock with a stop of 9, second double bottom break.
SEG has been performing better lately. The RS is still weak and it is still below the trend line. I would want to see it break the trend line at 31 before considering positions.

In the oil services you could choose VRC, SLB, DO HAL, FGII, CDG. All look good. FGII just gave a relative strength buy signal by the way.

Take care,

Jan I am
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