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


To: whperk who wrote (1207)2/27/1998 1:45:00 PM
From: Klinger  Read Replies (1) | Respond to of 34818
 
Jan-

Could you take a look at NCDI chart when you get a chance and let me know what you think.

As always thanks in advance!
John



To: whperk who wrote (1207)2/27/1998 4:22:00 PM
From: Ms. X  Respond to of 34818
 
Hi there,
AOL has a good RS and is sitting at resistance at 124 (I don't know where it traded today). It would take a move to 126 to break this resistance. 118 Would be a double bottom break and stop for short term trades. Vertical count gave it 125 off the bottom and that is where it is now. IMO I would wait for the break at 126.

AMZN Chart looks nice. Good RS. Pullback to 69/70 would be a good entry with a stop of 63, double bottom break.

YHOO RS good and a triple top buy signal maybe another double top if it moved to 69 today. Pullback to 65/66 for a buy with a stop of 60.

XCIT This one isn't as good as the others. It is above the trend line but the RS is in a column of O's. It just recently broke a double bottom with a lower top. Would wait to see what this wants to do.

Hope this helps,

Jan