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

To: Colin Cody who wrote (24480)	11/20/1999 5:28:00 PM
From: kaz	Read Replies (1) \| Respond to of 34827

Hi Colin, While the pros are away in Vegas, I'll give it a shot. WEBT is quite bullish for a number of reasons. First, it's above its Bullish support line. Second, its momentum is positive. And, having an RS in Xs means it has been outperforming the DOW, which is a very good thing. Moving up to 73 would not be particularly bullish since it has done that twice before without being able to break through. However, if it manages to hit 74, a triple top buy signal would be generated and all bets are off as to how high it will go. I'm lousy with counting Price Objectives, so you'll have to wait for Jan et al to return for that and anything else I might have missed or gotten wrong. Just trying to help. Regards, Paul Kaz

To: Colin Cody who wrote (24480)	11/21/1999 10:57:00 AM
From: Jeff Jordan	Read Replies (1) \| Respond to of 34827

Colin, I'm no expert....I'm only a lurker on this thread....P&F is just another indicator for me. I enjoy taking a peek at a P&F now and then. I was using an intrday PF charting program that was signaling reversals pretty well. This thread will answer your question in the detail, I'm sure. stockcharts.com WEBT has had and excellent run....I'm sure if your holding from 40-60 your decision to hold may be different....entering here is a lot tougher.....I generally buy the dips and then worry about selling before the breakout....since I'm a trader....I'm watching for swings and tails on candles etc.....if I see volume....I'll probably trade. timely.com bigcharts.com Jeff