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


To: Ms. X who wrote (501)2/8/1998 6:20:00 PM
From: wizzards wine  Read Replies (1) | Respond to of 34816
 
Jan,

I've been lurking as you put it for about a month, great site.

Finally got Dorsey's book and into 13 days on his trial site.

In his reviews of magazines, he looks at NVLS,AMAT, and TER which are all below their bearish resistance line I believe and gives a strategy for buying.
In looking at some of the oil service I find RIG,BJS, and DO are very similar in charts to the above. Could a similar strategy for the techs be used for these?
Second, in looking at HAL, I see a line running from 34 to 40 at 45degrees that appears to be a bullish support line. However I see no other lines, like no bearish resistance line. Am I reading this correctly?

Thanks Preston