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

To: chartseer who wrote (25132)	1/19/2001 1:58:19 PM
From: Daveyk	Respond to of 34822

Thought I'd throw this in.Naz bell curve on daily is very overbought;weekly is still slightly oversold which to me infers at least some pullback soon.BRL sitting at 2900,gap back at 2618 so time will tell.

To: chartseer who wrote (25132)	1/19/2001 8:31:04 PM
From: PuddleGlum	Read Replies (1) \| Respond to of 34822

Whatever it is that you know at least it agrees with what I know. Agreed that BRL breaks are better when accomplished on top of strong bases. Time to raise some cash for the pullback.

To: chartseer who wrote (25132)	1/20/2001 6:11:17 PM
From: James Strauss	Read Replies (1) \| Respond to of 34822

The Bullish Support Line (BSL) was first breached by a column of 5 O's... stockcharts.com The Bearish Resistance Line (BRL) must first be breached by a column of X's... I agree that there is usually a pullback test after a breach, but first you need the breach... There are currently 10 X's trying for the upside breakout... That's double the column of O's that started the downside break... The current demand side now looks stronger than the initial supply side breakdown... Couple that with a cycle of interest rate cuts, and you have the ingredients for an upside breakout... Jim