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Strategies & Market Trends : Point and Figure Charting

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To: Ms. X who wrote (5538)8/8/1998 12:31:00 AM
From: Ms. X  Read Replies (3) of 34811
 
VTSS- still on the ohh ahh list.
Tell me this isn't a sexy looking chart??!!
Here the market has been going nanners (yes, that is a technical term),
the sector has gone to pot (again another technical term) and yet
VTSS has been climbing steadily. No sell signals.
RS as good as it gets and it just completed a bullish triangle.
Calls may work here and you wouldn't even have to claim a TDT!

40 ------------------------------------------------------------------
39
38
37 X
36 X O X <--Completes bullish triangle
35 -----------------------X O X --8 ---
34 X O X O X
33 X O X O X
32 7 X O X O
31 X O X O X
30 -------------------X O X O ----*<--Stop point
29 X X O *
28 X O X X *
27 X O 6 O X *
26 X X 5 X O X *
25 -------X O 4 O X O X * -------------
24 X O X O O *
23 X 2 3 X *
22 X O X O X *
21 X O X O *
20 --X O ----* -----------------------
19.5 O X * Bot
19.0 O X --* ---------------------------
18.5 O X *
18.0 O * -------------------------------
17.5 *
17.0 -----------------------------------
16.5
16.0 -----------------------------------
15.5
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