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Strategies & Market Trends : Paint The Table -- Ignore unavailable to you. Want to Upgrade?

To: gypsees who wrote (3318)	11/27/2001 2:37:19 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 23786

Hi Gypsees, Welcome to the thread. Point and Figure charting is a bit odd in that it doesn't chart the time component. As a started, when we post a chart, if you look at the columns of Xs, the tops of the columns are resistance. For the columns of Os, the bottoms are support. There is more to it than that, but it will help you to understand what we are seeing. As for me, I didn't cover at 31 like I said. I will likely short some more before the day is out. EMLX chart did break out above the other columns of Xs...that is generally a buy signal. But notice that there is a trendline coming down to meet the price real soon. (around 35) stockcharts.com