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Strategies & Market Trends : Trade/Invest with Options Jerry a Point & Figure Chartist -- Ignore unavailable to you. Want to Upgrade?


To: Oak Tree who wrote (2879)7/24/2001 7:28:14 AM
From: Jerry Olson  Read Replies (2) | Respond to of 5893
 
Oak Tree

IMCL....depends on the markets...

it's directly in the middle of the P&F chart...any move back up into heavy resistance at 47, and then a breakout print of 48 would be a big buy there..and breakdown below 41 is a real no no..downside target would be mid 30's..if that low did not hold..

actually..it has made 3 consecutive higher lows...it must reverse up now...



To: Oak Tree who wrote (2879)7/24/2001 11:54:34 PM
From: Susan G  Read Replies (1) | Respond to of 5893
 
IMCL had a bullish hammer reversal tonight, according to litwick.com.

A low probability reversal, but often the bottom.
I agree with the comments I read here tonight though, I think the bios are next to get killed.

THE BTK.X weekly chart looks like its headed back to the 200ema around 415 to me. And the charts of the leaders look really sick here. Could change fast though <g>