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

To: whperk who wrote (456)	2/6/1998 8:52:00 PM
From: Ms. X	Respond to of 34813

Hi Bill, TROW rallied up to resistance at 69. In doing so it broke its bearish resistance line, broke two double tops and flipped the daily momentum positive. The weekly momentum was already positive while the monthly momentum remains negative. The relative strength is on a buy signal but it did reverse down. Checking RS further it looks to be strengthening some but not enough to reverse back up. Currently the stock has pulled back to 66. Next area of support is 62/63 and 58/59. Sector is Wall Street in bear correction at 62% and heading up. Looks OK, but decide where to exit if things go in the wrong direction. If the RS flips back to positive your risk is much less. Jan