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Strategies & Market Trends : Point and Figure Charting

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To: wizzards wine who wrote (12900)1/21/1999 4:08:00 PM
From: Jorj X Mckie  Read Replies (2) of 34809
 
Hey Preston, Good to see you on the thread.

You've been waiting for my Y2K stock update, haven't you?

I think the last time I posted here I was in KEA, MAST and IFMX. I ditched MAST for a loss and I think I exited KEA for a profit and then got back in with a lower strike and further out. I've held IFMX this whole time...

KEA's chart should show a negative breakout after today's activities. Next support is the BSL at $33. Despite the technical breakdown today, I am sticking with it and believe that it will recover. One might consider an entry at this point a TDT based solely on P&F.

IFMX has been holding its own, though it is having a tough time with the DT at $13. Nothing has really changed. I still like it and am looking for my BSB after it hits $13.5.

I've lost interest in the rest of the Y2K stocks, so that is all you get.
Tom
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