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Strategies & Market Trends : Point and Figure Charting

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To: Hawk who wrote (3286)6/1/1998 4:42:00 PM
From: Ms. X  Read Replies (2) of 34811
 
Hi Hawk,
Another double bottom break for AOL after another lower top.
Not looking strong at all.
Next support at 70/71 and wouldn't be surprised to see it go there.

95 ------------------------------------------------------------------
94
93
92 X
91 X X O
90 ----------------------------------------------X O X O X ----------
89 X O X O X O X
88 X O X O X O X O
87 X O X O X O X O
86 X O O O X O
85 ----------------------------------------------X --------O X O ----
84 X O X O X
83 5 O X O X O
82 X O O X O
81 X O X O
80 ----------------------------------------------X ------------O --O
79 X O
78 X O
77 X O <--Todays move.
76 X X
75 ----------------------------------X --X O ----X ------------------
74 X O X O X X
73 4 O X O X O X
72 X O X O X O X
71 X O X O O <--Next support
70 ----------------------------------X O ------------and price target
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