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Strategies & Market Trends : Point and Figure Charting

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To: Ms. X who wrote (3122)5/22/1998 12:19:00 PM
From: Ms. X  Read Replies (1) of 34811
 
AOL: Another high flyer starting to break down.
Momentums with the exception of monthly, turned negative today.
Sector in O's.


93
92 X
91 X X O Top of trading band
90 ---------------X O X O X <--Lower Top
89 X O X O X O X O
88 X O X O X O X O
87 X O X O X O X O <--Todays reversal.
86 X O O O X
85 -----------X --------O X <----Triple bottom break
84 X O X
83 5 O X
82 X O <--Support here at 82
81 X Move to 81 would be second sell signal.
80 ---- ----X --------------
79 X
78 X
77 X
76 X X
75 X --X O ----X --------------
74 X O X O X X Med
73 4 O X O X O X
72 X O X O X O X
71 X O X O O <--Next support level at 71
70 X O ------------------------
69 X
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