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Strategies & Market Trends : Point and Figure Charting

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To: Smooth Drive who wrote (11951)	12/24/1998 8:20:00 AM
From: Bwe	Read Replies (1) of 34811

Royal Caribbean (RCL) update: RCL gave it's 3rd consecutive buy signal on it's p&f yesterday at $35. The Bearish Resistance Line (BRL) was broken in November with the move to $31 and the accompanying buy signal. By staying away from $29 on this recent pullback, the stock avoided a High Pole pattern and now looks like it's well on it's way toward achieving it's price objective of $56. The next brl is at $51. Regards, Bruce

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