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

To: wizzards wine who wrote (516)	2/8/1998 7:05:00 PM
From: Ms. X	Read Replies (3) \| Respond to of 34816

Hi Preston, You can buy securities if they are trading below their bearish resistance line but always have in mind your stop loss. There is a certain risk when a stock is in negative territory like that. Same strategy can be used for any stock in any sector. The charts tell the same story no matter who it is. Regarding Hal; Even though the oil service sector was in a downtrend, HAL never broke its bullish support line. A bearish resistance line is created once the bullish support line is broken. I'm sure you have seen many charts that have both lines. If a stock breaks its bearish resistance line and has been making a series of higher bottoms, it then creates a new bullish support line. Keep checking the charts. You will see the different variations and will be able to notice when the bearish and bullish lines come in. Please ask any questions. I'm happy to help. Jan