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Strategies & Market Trends : Point and Figure Charting

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To: wizzards wine who wrote (3396)6/4/1998 11:03:00 PM
From: Ms. X  Read Replies (3) of 34811
 
Dell. Still on a sell signal.
Momentums negative with the exception of monthly.
Still a viable short with a stop of 87. If wanting to go long, wait
for some buy signals and momentums to cross positive.

100 ---------------------------------------------------------------Top
99
98 X X
97 X O X O
96 X O X O
95 --------------------------------------------X O X O --------------
94 X X O X O
93 X O X O X O
92 X O X O X O
91 X O O X O
90 ----------------------------------------X ----O --O --------------
89 X O
88 X O X
87 X O X O
86 X O X O X
85 ----------------------------------------X --------O X O X O X -<--Another lower top
84 5 O O X O X O
83 X O X O X O
82 X O 6 X O <--Todays action
81 X O X
80 ----------------------------------------X ----------------O X ----
79 X X O X
78 X O X O
77 X O X
76 X O X
75 ------------------------------------X O X ------------------------
74 X O X
73 X O <--Support
72 | X
71 | 3 X
70 +---X O ------------------------X --X ----------------------------
69 | X O X X X X O X
68 | X O X O X O X O X O X
67 | X O X O X O X X O X O
66 | X O X O O X O X O X Nice base down here
65 +---X O X ----O X O X --X --X 4 X --------------------------------
64 | X O O X O X O X O X O X
63 | X O O X O X O X O
62 | X O X O O
61 | X O
60 +---X ------------------------------------------------------------
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