Point and Figure Charting Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Point and Figure Charting

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: HoodBuilder who wrote (8303)	10/6/1998 7:52:00 PM
From: Ms. X	Read Replies (1) of 34817

Michael, I'd hold on Cisco for right now. Need to see it reverse up and build some more support here. If long wait for a RS reversal negative to stop or hedge. With Dell, it still has RS positive and well above its trend line. I think it certainly can move south and in that a short trade would work. However, there isn't a good stop point right now. Dell has solid support until 47 and then next support at 39 (which is also the bottom of its trading band). Again, one could trade the downside to these support levels but I don't see anything that would indicate a long term short (unless the RS goes negative). I would use on Dell the RS flipping negative as a stop on current long holdings. Take care, jan I am

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next