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

To: Bulls who wrote (24296)	11/4/1999 9:17:00 PM
From: Ms. X	Read Replies (1) \| Respond to of 34827

LEAP: I'm marking here on this chart support levels. It is currently above the top of its trading band and for the best entries we would like to see a pullback around 5 to enter. Stock looks great. The relative strength is still negative to the market, getting stronger but not close to reversing up (into X's). With the indicators positive however we can enter trades with an RS in O's as long as the chart pattern is good. 7.0 ----------------------------------------------7.0 6.5 X 6.5 6.0 --------------------------------X ------------6.0 5.5 X 5.5 5.0 ----------------------------X --X <--Good pullback area. 4.75 X O X 4.75 4.50 --* ------------------------X O X ------------4.50 4.25 * * X X B X 4.25 4.00 ------* X * ----X O --------X O X ------------4.00 3.75 X O * X O X O <--Closest support level 3.50 X --2 --X O --* X O ----X --X ----------------3.50 3.25 X O X O X O X X O X O X <--Bullish Support Line 3.00 X O X O X O 4 O X O 9 --A O X --------------3.00 2.75 X O O X O X O X O X O X O * 2.75 2.50-------O X O X O X O X O X * ------------------2.50 2.25 3 X O 6 X 8 O * 2.25 2.00 ------O ------7 ------* ----------------------2.00