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Strategies & Market Trends : Point and Figure Charting
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To: wizzards wine who wrote (3364)6/4/1998 12:04:00 AM
From: Ms. X  Read Replies (1) of 34811
 
Ouchie poo poo on Intel
Next support low 60's although there may be a dead cat bounce off
of this. Still, it would be prudent to hold off on this gem for a
while.

96 | *
95 ------------------------------+-----------X * ---------------------
94 | X O *
93 | X O *
92 | X O * Top
91 | X O *
90 ------------------------------+-------X --X O --------* -----------
89 * | X O X 3 *
88 * | X O X O *
87 * | X O X O *
86 * | X O X O *
85 --------* --------------------+-------X O X O ------------X --X <--Couldn't break
84 * | X O X O X O X O resistance or BRL
83 * | 2 O O X O X O
82 First sell signal in uptrend-->O X O 5 O
81 X X * | X O X O X O
80 ----------X O X O Looked like demand was coming back in-->X O X O -
79 X O C O X * | X O X X X O O
78 O X X X O X O X O * | X O X X O X O X O <--Sell signal
77 O X O X O X O X O X O * | X O X O X O X O X O
76 O X O X O X O O O * | X O X O X 4 X O X O
75 O X O --O ----------O ------* X --X --X ----O * O X O X O X ----O -
74 O X Broke BSL and Double Bottom--> O O X O O
73 O Broke double bottom--> O X O <--Second sell signal
72 * O X O X O X O * O X * O O
71 * O X O X O X * O * O <--Third sell signal
70 --------------* ----O --O X O * ----* --------------------------O <--Fourth sell signal
69 * O X * | O
68 * O * | 6
67 * | O <--Today's break of
66 1 | 1 O all near term support
65 ---- ----------------------9 | 9 ---------------------------------
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