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

To: Klinger who wrote (1083)	2/25/1998 1:29:00 PM
From: Ms. X	Read Replies (1) \| Respond to of 34817

Hi John, If you are in it for a trade and now that it has broke resistance, use 20 as your stop loss or 23 which flips the daily momentum negative. If longer, use 18.5. I expect it will pullback so 23 as a stop loss might be a little short. A normal pullback would bring it to 23. All the indicators are positive. What was your original plan? Did you decide on a profit or percentage loss stop points on trade or did you purchase for long term investment? That decision determines how you will play this stock. Stick to your plan. Stock at an all time high on current chart. No resistance up top. All the best, Jan