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Strategies & Market Trends : Point and Figure Charting

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To: Ms. X who wrote (4599)7/10/1998 11:19:00 AM
From: Ms. X   of 34816
 
Interesting charts in BPELEC.

VISX:
Daily momentum about to flip positive. Weekly negative until 71.
Stock has been in a solid uptrend.

69
67 X
66 X
65 ---------------X ------X ----------
64 X O X<--Good pullback
63 X O X X
62 X O X O X
61 7 O X O X
60 -X --X O --O X ----------
59 X O X O
58 X X X O X <--Stop point.
57 X O X O X O
56 X O X O X
5-----X O X O X ----------------------
54X 6 O O
53X O X
52X O X

SLR:
Daily and weekly momentum positive. Monthly negative.
Resistance at 49 and even though it broke through the brl, should
just watch for now.
50------------------------------------
49 X
48 X O *
47 X O X * X
46 X X 3 5 X O * X
45---X O X O ----X O X O --* X -------
44 2 O X O X O X O X
43 X O O X O O 7
42 O X O X X O X X
41 O X O X O X O X O X
40 O X ----O X O X ----6 X O X -------
39 O X O 4 X * O O X
38 O X O X * O X
37 O O * O X
36 * O
35 ----------* -----------------------
34 *

FLK:
RS just changed to buy.
Daily momentum just about to flip positive.
Weekly and monthly already positive.

40 ----------------------------
39
38 X Top
37 7
36 X
35 -----------------X --------------
34 X
33 5 Med
32 | | X
31 | | X
30---+-------------+-4 <--Good pullback area to buy
29 X | X
28 X O A | X
27 X O 9 O | X<--Triple top break
26 X 8 X O B C | X
25---6 O X O X O X O X --------------
24 X O O X O X O X
23 1 O O 1
22 C | <--Stop point.
21 B |
20 --X ------------| ---------------
19.5 X | *
19.0 A ------------* ----------------

EASI:
Daily momentum positive, weekly positive at 22. Monthly positive.

22 Top
21 ? <--Action point on Shakeout
20 ---------X --X --X ----------
19.5 X O X O 7
19.0---------X O X O X ----------
18.5 X O 6 X
18.0---------X ----O X ------ Med
17.5 X O X
17.0---------X ----O ------------
16.5 4 5 <--Stop loss
16.0 X O X --X ------------------
15.5 X O X O X
15.0 3 O X O X ------------------
14.5 X O O
14.0 X --------------------------
13.5 X Bot
13.0 X --------------* ----------
12.5 X *
12.0 X ----------* --------------
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