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Strategies & Market Trends : Point and Figure Charting

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To: carl morgan who wrote (19712)	5/8/1999 5:03:00 PM
From: wizzards wine	Read Replies (1) of 34811

Hi Carl, Interesting chart for MPS...To play this one, I'd like to see it get the 3 box reversal back into X's to set up a close stop and then see it break that resistance at 15. If it cannot takeout 15, the overall trend has been down for some time...notice how each time it just breaks the BRL that it craters...Don't like that, but the DWA RS is in X's...I'd be watching that and the overall indicators...If we start flipping to O's, I'd be lightening up on anything RS SEll in O's.... JMHO and nice FA Work.... Later Preston

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