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Strategies & Market Trends : Point and Figure Charting

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To: kurt aichler who wrote (10576)11/30/1998 10:58:00 PM
From: Jorj X Mckie  Read Replies (1) of 34811
 
Kurt,
Since OJ seems to be offline, can I offer this amateur's opinion?

First, Nice Pick.

Broke a triple top at $19.0 on 11/19 and a spread double at $20. RS is positive, still room in the sector with a BP of 58% (retailing). Above the BSL. Pretty much everything looks good.

Since it is up on a decent High Pole it is a little more difficult to set your stop if you buy it here. I personally would set it at $20 (that spread DT that I mentioned) or wait for a pullback before entering.

Feel free to follow Wiz, Jan, Bruce, Al, Eric or any of the others that are a little more disciplined than I.

JXM
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