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

To: tracor who wrote (23251)	8/23/1999 10:45:00 AM
From: PuddleGlum	Read Replies (2) \| Respond to of 34817

RZ- I'll take GNSS for you. It's on an RS Buy signal, which is good, but RS is presently in O's, so not so good. It's below the Bearish resistance line, or rather right at it, so this also is a danger sign. But with the short term indicators looking up there is hope. Next buy signal is at 23, which would break the BRL and give you a green light if you're willing to go with stocks with RS in O's. The overall chart pattern does have a "pennant" look to it, but it doesn't presently fit any of the standard P&F definitions. It just looks like it has formed a decent base, which would be severe overhead resistance if it fails to break the BRL and drops a few points from here. There are many other great stocks with solid chart patterns, so I'd look elsewhere, or wait for GNSS to show its cards. pg