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Strategies & Market Trends : Point and Figure Charting

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To: Ronald J. Clark who wrote (18479)4/20/1999 9:01:00 AM
From: Ms. X  Read Replies (2) of 34811
 
Hi Ron,

Sorry for the late response. Oil has been wonderful lately. TMR has moved to its bearish resistance line and if it doesn't make 5.5, I would expect a pullback. Pullbacks aren't bad. They are quite normal and necessary. Resistance at 5.5 and then 9.

I can't tell if you own it or want to own it. I'd say the stock is shaping up nicely but to enter here would be a little extended. Would be nice to get the pullback.

Note: With PnF charts one must watch all the time. An analysis yesterday may change if the stock violates or penetrates support or resistance the next day.

Take care,

Jan I am
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