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: Challo Jeregy who wrote (10123)	11/24/1998 2:45:00 PM
From: wizzards wine	Read Replies (1) of 34811

Hi Challo, sorry so long getting back to you...Bad cold today... GBLX is RS buy in X's, but trading at top of its trading band. Nice move off of the bottom with a PO off the bottom of 64ish. Yesterdays action had O's down to 35, and I think on this one I'd like to play it on the first 3 box reversal back up as you do not know how far down in O's it's going to go. The first sell signal is a DBS at 26, a long ride down...On the reversal up into X's, you'll get a closer stop point and a better risk to reward ratio. ATHM is also RS buy in X's and at the top of the trading band still in X's, this one would be nice on a PB to 55-56ish with a trading stop at 51 and a long stop at 43... JMHO hope it helped, Later Preston

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next