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Strategies & Market Trends : Point and Figure Charting

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To: wizzards wine who wrote (3151)	5/24/1998 6:33:00 PM
From: Dennis J.	Read Replies (1) of 34811

Oil Sector. Is it really going to be that bad? Given the move from $25 per bbl down to the low teens, then up to 16 or so, and back down now to test the previous lows, is it possible that we are looking at a correction following a breakout? If so, could be an opportunity to buy in near support lines, etc. for a solid move higher ( like the catapult formation). Just guessing, since I have not studied this, yet. But, something to think about. More later. Dennis

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