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Strategies & Market Trends : Point and Figure Charting

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To: Hardline who wrote (12816)1/18/1999 9:28:00 PM
From: Ms. X  Read Replies (1) of 34824
 
Technically WLP looks fine since this is the first sell signal in the up trend. It is a trade stop but for those looking long, wait for a three box reversal up at 79 and then use 75 as the stop. (That is of course if it reverses up from here.)Good support until 73.

RS and sector look fine here. Good sector position really.

A lot of stocks did double bottom breaks when the market dipped. Most have recovered brilliantly.

Jan I am
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