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

To: Teddy who wrote (1247)	2/28/1998 12:08:00 PM
From: Ms. X	Respond to of 34816

Teddy, Where ya been? WCOM is at resistance here at 39. A move to 40 would break a double top and would be an all time high. Would be interesting to see if it does break this top. If not and it reverses down the first sign of trouble would be 28 a double bottom break and the second sell signal. 27 violates the bullish support line. RS is strong but daily momentum is negative flipping positive at 41. IMO I would wait for a good pullback at least 32/33 for a good risk reward especially if it doesn't break the double top at 40. Take care, Jan