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Strategies & Market Trends : Point and Figure Charting

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To: Ms. X who wrote (3178)5/26/1998 11:15:00 PM
From: Ms. X  Read Replies (1) of 34811
 
TLAB: Breaking down.
Twice came to resistance and was unable to penetrate. Just
broke a triple bottom and close to breaking a spread double
bottom. Could now see it move to the bullish support line at 62.
Momentums except the monthly are negative.
Watch for now.

74
73 X X
72| X O X O 5 X
71| X O X O X O X O
70+---------------------------X --X O --O X O X O ----------
69| X X O X O O O
68| X O X O X O <--triple bottom break
67| X O X O O
66| X O X O
65+-----------------------X O X ----------------O ----------
64| X 4
63| X ?<--Spread double bottom break.
62| X X *
61| X O X *
60+---------------X --X O X ----------------* --------------
59| X X O X O X *
58* X O X O X 3 X *
571 * X O X O X O * Bot
56X O * X O O *
55X O --* ----X ------------------* ------------------------
54X O * X *
53X O X * 2 *
52X O X O X X *
51X O X O X O X *
50X O X O X O X --------* ----------------------------------
49| O O X O X *
48| O X O X *
47| O O X *
46| O X *
45+---------O * --------------------------------------------
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