Point and Figure Charting Message Board

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Strategies & Market Trends : Point and Figure Charting

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To: Hardline who wrote (10937)	12/5/1998 12:54:00 PM
From: Ms. X	Read Replies (2) of 34824

Hey, Regarding CAT. If you feel the fundamentals are getting shakey, determine your profit loss level and use that as a stop. In other words, you are up 20% and are willing to lose 5% while the chart consolidates etc. Since I don't know your entry level, I don't know if waiting for the stop (should it come) of 45 works for you. With the technicals being the way they are, your stop is 45. If you entered for a trade and really don't like the fundamentals, exit the stock but don't beat yourself up if it goes back up again. Move on to something else. It's hard to answer specifically because I don't know what your original plan was. The sector is still one of the lowest but the RS is in O's. It has been broken nicely out of its base but 45 is a sure sign of trouble. Jan O Rama

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