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Strategies & Market Trends : Point and Figure Charting
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To: Bwe who wrote (4399)7/4/1998 9:35:00 AM
From: wizzards wine  Read Replies (2) of 34811
 
Morning Bruce, Your thoughts seem to mirror those of Tom regarding this sector and the oil sector. Both are nearing the point of reversing and some of these issues momentums have just turned positive. Those with a positive RS in X's and above the trend line BSL that have pulled back to support offer a good risk to reward ratio.

Thanks for the nice write up.

Have a Great 4th,

Preston
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