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Strategies & Market Trends : Point and Figure Charting

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To: Ms. X who wrote (18835)4/22/1999 5:50:00 PM
From: Bwe  Read Replies (1) of 34811
 
Jan,
I just love it when you post those charts. Just a quick note to say hi.
All 3 daily a/d lines, NYSE, ASE, and today for the first time, the OTC, are above where they were 10 days ago. A good sign.

I continue to like the financial stocks:

C has a Bullish Triangle forming and has room to move to the Bullish Resistance Line at $85.

CMB recently gave the first sell signal in this uptrend....a very good buy signal. Also will form a Low Pole with a move to $87.

Hard to recommend TLAB up here, but it's been a very good performer for me. Low Pole buy signal yesterday and lots of good fundamental news today. Chart looks like it wants to move higher. High risk, though.

HD,one I know you follow, had a Low Pole at $62 and is setting up for a potential Bearish Signal Reversed pattern. The Low Pole is just coming after a High Pole Top which did lead to a sell signal.

Hope you are feeling better and better.

Your quiet pal,
Bruce
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