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


To: Bwe who wrote (25020)10/10/2000 2:31:47 AM
From: Smooth Drive  Read Replies (1) | Respond to of 34822
 
Hello Bruce,

I'm with you on the Mets!! Of course I'm a hard core Mariners fan, and will be in front of my TV tomorrow evening. I wasn't able to get tickets for the Seattle games. What a treat it would be to have the Mariners and Mets in the series.

As I wouldn't dare write another word to classic literature, or put another brush stroke to a beloved painting, what could I possibly add to your analysis of PG?<g>

The breakout that occurred on 9/27 with the big time volume surge would have made Gary B (of thestreet.com) smile big time. That's also the day that filled the 67 box and broke 10 plus columns.

My swing chart has a price objective of $79.25 -- but that's because of the big breakout day, and it sure looks like a pull back is coming right here. As I've become more of a short term trader in these volatile times, I know I wouldn't be buying at this level. Matter of fact, if tomorrows high and low are lower than today's high and low, there'll be a new downward swing line drawn and I'd consider shorting here.

Take care,

Eric