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Strategies & Market Trends : Point and Figure Charting

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To: Al Serrao who wrote (7470)	9/20/1998 10:31:00 AM
From: Bwe	Read Replies (1) of 34816

Good morning, Al. Tel Mex just gave a double top buy signal at $41, which can also be viewed as a quadruple top continuation pattern as the stock has broken previous tops at $40, $41, and $40. TMX is bumping right up against it's BRL at $44 and is in an incomplete vertical count situation with an upside po of $66. A move to $45 would break the BRL and would be a big first step toward the establishment of a new uptrend for the stock. The RS is bearish and there's additional resistance by way of Bullish Resistance Lines (brl) are at $47 and $54. If the stock can break it's BRL, I think TMX would make for a nice trade. Take care, Bruce

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