Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Matthew who wrote (353)	2/4/1998 5:36:00 PM
From: Ms. X	Respond to of 34824

Matthew the lurker, GALTF UTEK We can make bucks off this... Speaking of which. GALTF looks great. Couldn't ask for a nicer set of higher bottoms. Relative strength is very strong too. Trading above bullish support line. Electronic sector is in good position too.First sign of trouble would be a move to 30 breaking a double bottom and the bullish support line. Vertical count gives it 49. UTEK is trading right at its bearish resistance line. Would be careful with this right now because the relative strength is weak. I have no idea where it traded today but a move to 24 would break a spread triple top and the bearish resistance line. Stop of 18 a spread quadruple bottom. Thanks Matt, I've printed the chart on Galileo and will put it in my looksie file. Jan