Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Russell Gasperini who wrote (1332)	3/2/1998 7:23:00 PM
From: wizzards wine	Respond to of 34816

Hi Russell, I'll take a crack, Jan will pipe up if I'm off. AXRN is all NEGATIVE. RS signal is SELL, RS in column of O's, Trend is neg, P&F sig is SELL, Monmentum is Neg and its well below its bearish resistance. I'd wait for this one to shape up a bit. CPQ All signs are Positive. chart as follows: 36 X 35 XO 34 XO 33 XO 32 X XO 31 XOX3 30 OXOX 29 OXO 28 O 27 26 Last box was the 3 today. If it falls to 29 you could get a double bottom, but I don't think it will fall that far. Next buy signal is an X. Hope this helped Preston

To: Russell Gasperini who wrote (1332)	3/2/1998 8:30:00 PM
From: Ms. X	Respond to of 34816

Hi Russel, Glad you joined us! CPQ has a great pullback right her. RS is strong and it is above its trend line. Also it has been making a series of higher tops with buy signals. The stop would be 25, a spread triple bottom. AERN is not doing well. RS is weak and it is way below its bearish resistance line. The last signal was a sell and the third consecutive one at that. The last column of X's couldn't reach a previous high. Clearly supply is in control. Next sell signal would be at .75. Would only consider, and for aggressive traders only, after the stock managed a buy signal. Possibly at 2.25. Otherwise sideline this one for now. You can ask questions any time. I'm happy to help. You will like Toms book. It presents P&F in an easier light. Take care, Jan