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Strategies & Market Trends : Point and Figure Charting

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To: Dana Johnson who wrote (19781)5/11/1999 11:46:00 AM
From: James Strauss  Read Replies (2) of 34811
 
FCLX...

Dana:

Good move for FCLX...

In early April it broke out from a two year trendline in the 4 3/8 area... It now has broken out from a short term triple top in the 6.00 area... MoneyFlow has been negative for the past week... In April, MoneyFlow was strong during that breakout... So, this could be the start of another upleg or distribution from a top... We'll know in the next few days...

Jim
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