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Strategies & Market Trends : Point and Figure Charting

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To: ViperChick Secret Agent 006.9 who wrote (11959)	12/24/1998 11:15:00 AM
From: Jorj X Mckie	Read Replies (2) of 34811

Lisa, Geez, haven't you learned yet???? I like jumping of cliffs and OJ is just plum crazy. If one were to follow the rules of P&F the ideal entry for EGGS would have been $26 since that would have been a clean breach of the TT at $25. OJ and I are willing to act a little early, though on a clean break of the TT at $22. The next official DT resistance point is at $40. There also might be some minor resistance at a DT at $29. This was last July and I suspect that the stock has cycled enough that it is not a meaningful resistance point. My target is $35 even though the the DT i $40. This is because the day that it went to $40, it only stayed there for about 3 minutes and dropped to the mid thirties fairly quickly. JXM

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