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

To: Casaubon who wrote (21957)	6/27/1999 10:31:00 PM
From: wizzards wine	Respond to of 34812

Good Evening Casaubon...Please notice that the list that included VRTX was listed as a P&F screen for short only with no FA...that said, there is good support for it down to 15ish, and this was listed for a contest pick for a period of 1 to 2 months... Your FA if accurate looks good, however the Biomedical sector turned Bear confirmed on 6-15 and this issue is on a RS Sell in a column of O's with the RS vs Sector also in O's, and has pulled right up to resistance at 25...thus a stop at 27 would give one a Great risk to reward ratio...from a P&F stand point... Your points are well taken, and I'll be looking at the FA before the contest...but this one looks ripe for a contest SHORT...IMHO Later Preston