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


To: Luce Wildebeest who wrote (1538)3/7/1998 6:26:00 PM
From: Ms. X  Respond to of 34811
 
Hi Calvin,
Sector is in good position at 48% but USF is a little weak in the RS department. Just traded right to its bearish support line and then reversed back down. Stock has support all the way down to 26 and a move to 25 would break all support. First sign of trouble would be at 28, a double bottom break. A good sign would be a reversal up and move to 38 which would break a double top and push it through its bearish resistance line. Always keep your eyes open on a stock trading below the bearish resistance line and with a negative RS. They can move against you quick

Best of luck,

Jan