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Strategies & Market Trends : Point and Figure Charting

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To: Tammy DeRosier who wrote (20347)6/6/1999 2:34:00 PM
From: James C. Mc Gowan  Read Replies (1) of 34811
 
Tammy: Friday(6/4) FHS shows two notices on the "Activity" box on the website; first a "Technical Breakout-Buy" and second, a "Weekly Momentum Reversal to Negative". I understand that the weekly momo is based upon your proprietary calculations. For a cheap seats user, what relative significance should one place upon apparently conflicting signals generated on the same day. I did see that interday price ranged from high of 20 1/16(generating the technical breakout) down to 18 11/16, closing at 19 1/16. Support at 17 and 1/2?
Help.
Thanks
James
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