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

To: Augustus Gloop who wrote (22218)7/6/1999 12:08:00 PM
From: faqsnlojiks   Respond to of 34810
 
First, understand that I'm still a rookie P&F'er.

As for your question, I look at Internet stocks over $100/sh. with a 5-box chart, or 3-box at least (as always, dependent upon the volatility of the stock). Looks like you were right with your assessment on the 2-box chart.

I think the more important indicator is the break of the BRL at 120. If it can hold above there, you may be looking very good for your PO of 138.

Good Luck!
-Joe



To: Augustus Gloop who wrote (22218)7/6/1999 4:18:00 PM
From: Tammy DeRosier  Respond to of 34810
 
I really like the breakout in AOL at 120 on the 5 point per box chart. The weekly momentum also turns positive after having gone negative the middle of April. The next resistance won't be until the 140-145 area and then after that 165 - 175. Any pullbacks would provide an even better opportunity to buy AOL if news of YHOO's earnings pulls the group back. Also, note that with Today's closing reading, the RS chart on AOL will reverse up to X's.


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