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Strategies & Market Trends : Point and Figure Charting

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To: Pierre who wrote (3361)6/3/1998 5:44:00 PM
From: wizzards wine  Read Replies (2) of 34811
 
Hi Pierre, Well bad is the word for the day!!!! INTC now has boxes down to 66 and no near term support in sight! Not very good...

SANM is RS buy in X's but down to 71 with support being at 70, to break support here it would have to drop to an even 68 to get a box at 69. Then it's I90 south to next support of 64. It did get a 3 box reversal into X's today with that high of 74 but were a long way from a but signal with a double top needed at 82.

Hope that helps,
Later
Preston
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