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


To: wizzards wine who wrote (632)2/12/1998 7:43:00 PM
From: Ms. X  Read Replies (2) | Respond to of 34811
 
TLAB does have resistance here at 57 and then at 59. I wouldn't be surprised to see some kind of pullback before it advances further. Looks good. RS is in a column of O's but the last signal was a buy signal.

NVLS would give a great signal at 44, double top break above the bearish resistance line. With the RS strong I would expect this to happen. Buy on pullbacks after the signal.

Intel is fine. I thought it would pull back after that long run up. RS still good. Daily momentum just turned negative. Long way to go before it completely breaks down.

T is way above bullish support line. If long hold until break of bullish support or reversal of RS. Short term stop of 57.

I think with Iraq looming over our head we aren't going to have that broad of a rally. Especially those that are sensitive to a war in that region. No crystal ball here. Indicators are tellimg me we are still OK an in a nice rally.

Take care,

Jan