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Strategies & Market Trends : Point and Figure Charting

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To: ViperChick Secret Agent 006.9 who wrote (5485)8/6/1998 12:00:00 PM
From: Ms. X  Read Replies (1) of 34817
 
Lisa,
Dell is not on a Bullish shakeout. You can only have a shakeout if it is the first sell signal in an uptrend. Dell has given two sell signals. Right now it is on a double bottom sell.
Next support down at 90.
103.885 turns the weekly momentum negative. Daily and monthly negative already.

If it reverses up from here, it can give a triple top at 114. Or it could not and give a lower top and then another double bottom. Wait and see mode in other words.

Jan I am
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