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Strategies & Market Trends : Point and Figure Charting
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To: Al Serrao who wrote (3735)6/16/1998 3:44:00 PM
From: Ms. X  Read Replies (2) of 34811
 
Hi Al,
QWST was one of my faves for awhile but it looks like its shimmer
has shimmied..
Needless to say, sector in O's at 44%. Good news is that it is getting
to oversold levels. Would like to see it under 30%. QWST broke major
support when it fell below the bearish resistance line. Momentums
are negative too. Would wait for the sector and higher bottoms and buy
signals before considering. If you really like the stock, add it to the
DWA portfolio and watch for trend reversals to the upside. Best way to
do it.

42 |
41 | X
40 -----------------------------------+---------------X O ----5 --------------
39 | X O X X O
38 | X 3 O X O X O
37 | 2 X O X 4 X O X O Med
36 | X X O X O X O O O
35 -----------------------------------+---X O X O X O ----------O ------------
34 X X | X O X O X * O
33 X O X O X X O O * O
32 X O X O X 1 O X * O
31 X O O X O B X O X * 6
30 ---------------X ----O X O X O ----X O ------------* --------O -------- Bot
29 X O X O X O X X * O
28 A O X O O X O X * O<-Below January and October lows.
27 X O X O X O X *
26 X X O X O X O X *
25 -----------X O X ----O X ----O X C | ----* --------------------------------
24 9 O X O O | *
23 X O | *
22 X *
21 X * |
20 -----------X ------------------* --+---------------------------------------
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