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: Smooth Drive who wrote (12710)	1/13/1999 6:28:00 AM
From: Bwe	Read Replies (1) of 34809

Good morning, Eric. Great chart on DIS. Only one thing missing...the broken BRL. DIS' main trend has now turned bullish as yesterday's bullish price action caused the RS chart to turn up into X's for the first time since September. As you so astutely pointed out, the importance of the Bullish Resistance Line (brl) on a p&f chart displays itself on Disney's chart. A strong break of brl2 at $38 may be used as an optional buy signal. Another stock I mentioned yesterday, ETH, broke it's BRL with a buy signal. ETH has traded below the BRL since the March '98 $66 high. ETH's current price objective is $65 (this is an incomplete vertical count and as you know, has the potential to go higher). If the market turns sour, then this po would be put in question, however, the odds are that ETH will be a strong outperformer in the coming months. A very bullish day yesterday in a down market for both ETH and DIS. ETH has bullish RS. Have a great day. Bruce

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next