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Strategies & Market Trends : Point and Figure Charting

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To: James Strauss who wrote (8213)	10/4/1998 7:54:00 PM
From: wizzards wine	Read Replies (1) of 34808

Evening James, In looking at a P&F chart of the DJIA we find resistance at 8150, current level in O's at 7550 and last support at 7450...thus we have pulled back almost to our low support of several weeks ago... With all things considered, I'd look for a small rally if nothing negative happens overseas this evening but with any major unsettling news, I look for 7400 to be taken out by early November... We'll play our cards as the are dealt, and take the approprate actions when the time comes... Just My thoughts, Later Preston

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