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Strategies & Market Trends : Point and Figure Charting

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To: The Jedi who wrote (5726)8/12/1998 7:17:00 AM
From: chartseer  Read Replies (2) of 34811
 
IBM has support at 109. I am long IBM puts because of descending highs and possible buying climax day it hit 138 and closed at 132. Figure asia crisis and panic selling in market will bring it down. How far down is anyones guess.Ran with HWP for quite a while. . A new buy signal and I m out of the puts.

Then again I could be wrong

Chartseer
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