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Strategies & Market Trends : Point and Figure Charting

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To: Judy who wrote (9071)	10/26/1998 7:27:00 PM
From: wizzards wine	Read Replies (1) of 34811

Evening Judy, My thoughts on NKE and CMGI... NKE is RS sell in O's, but has been a buy since 37 with 2 Double Top Buy signals...Bearish Resistance line at 47, and I'd be looking for a Pull Back to the high 30's for an entry area... CMGI is RS buy in X's... nice...Buy since 49 with 2 Double Top Buy signals...Bearish Resistance line at 65, and I'd look for a pull back to 53-55 area... Both sectors are a Green light, Bullish... With both below the trend line, but all indicators green I'd still like to get in on the pullback to maximize the gain... Just my thoughts, Later Preston

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