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


To: Bull4Now who wrote (1329)3/2/1998 5:02:00 PM
From: wizzards wine  Read Replies (1) | Respond to of 34816
 
Hi Bull4Now, Your getting it. That 64 did get us a 3 box reversal. Everything else is still positive. Like Jan says, she's just taking a breather.

Later
Preston



To: Bull4Now who wrote (1329)3/2/1998 8:40:00 PM
From: Ms. X  Respond to of 34816
 
Hey there!

Well I'll be slapped silly and painted purple! Cisco reversed on the chart. Same day as Dell......hmmmm. Market crash! Kidding.

P&F is pure madness but it sounds as if you have picked up on the insanity.
Cisco needed to pullback. This is a normal three box but it would be nice to see Cisco come down to 62 even 60 which would set up a good stop loss at 55. However, with the RS strong and the sector strong this may be all Cisco gives.
With the NYSE bullish percent at 67% we want only to buy stocks on pullbacks with good risk reward.
If you are asking if Cisco is going to Hell in a handbasket...doubt it but 5 points...maybe. A few more Oh No's on the chart would be great.
A move to 54 would be way too many Oh No's by the way and we wouldn't want to see that.

Take care,

Jan I am