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

To: Bwe who wrote (25507)	7/30/2001 6:12:07 PM
From: Hardline	Respond to of 34811

I guess I see their logic. If RCL truly breaks the BRRL next resistance is $30. But not only is their RS weak, they are under performing their sector. They are also over 100% overbought on a daily basis. Not as overbought on a weekly (49%). Also where do you put the stop? 19.0? 18.5? Seems like a lot risk for a small gain. Hardline

To: Bwe who wrote (25507)	7/30/2001 6:40:25 PM
From: chartseer	Respond to of 34811

RCL: Looks good but I would prefer a more decisive breaking of the BRL. Something like the ORCL chart. Then again RCL should pull back and then maybe pierce the BRL more decisively. Actually I prefer a side ways movement through the BRL then the new uptrend begins and then the buy signal. I hate it when a chart has to deal with more than one resistance area. Meaning signaling a buy signal while running into the BRL. There is a gap up on the bar chart that I would expect to be closed. Or I would hope would be closed. then again what the heck do I know? I'm still just learning to play this game, chartseer