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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?


To: faqsnlojiks who wrote (20920)6/8/1999 11:30:00 PM
From: Ms. X  Read Replies (3) | Respond to of 34811
 
RE: WARP.

The official stop on WARP is 1.
Looks like if the stock can get to 1.652, it will flip the daily momentum positive which would mean the pullback is probably over.

The lates price movement isn't good but the stop is clear. There is no point in getting out here without the sell signal. I know you don't want it to drop another box but if it holds here and then rebounds without making the stop, you will be disappointed.

This is a severe pullback but it is only back to its lows in April. Watch this and see. One thing positive is the sector is doing real well right now.

Best of luck to you Jan,

Jan I am