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


To: Bull4Now who wrote (1720)3/12/1998 8:55:00 PM
From: Ms. X  Read Replies (3) | Respond to of 34809
 
Can it come back you ask Bull4Now?
Interesting.

It would be almost silly and an insult to you to mention that the RS
is negative as well as the momentums after such a decline so I won't,
but they are. We will classify this under....duh.
However, it is still being P&F'd and we will be able to see if this
thing starts to recover. It looks like it will take a move to 1.25 to
bring it back on this chart. (I guess the question is why aren't we
tracking it with smaller multiples-I don't know-but we will take it
as it is here.) It would be important to see it work some buy signals
and to turn momentums positive. Maybe someone on this thread has been
tracking its action under the .50 level.
Here is the chart for MFN:

4.00 --+-------------+-------------------+-O ----X -----------------
3.75 | | | O X O
3.50 | -------- | --------------- | O ----X O ---------------
3.25 | | | O X O X
3.00 --+-------------+-------------------+-O ----X O X O -----------
2.75 | | | O X X 3 X O X X
2.50 --+-------------+-------------------+-O X O X O --O X O X O ---
2.25 | | | O 2 O X 4 5 O X O
2.00 --+-------------+-------------------+-O X O X ----O X 6 --7 ---
1.75 | | | O X O O X 8
1.50 --+-------------+-------------------+-O ----------O ------O ---
1.25 | | | A Top
1.00 --+-------------+-------------------+---------------------O ---
0.75 1 | 1 1 | 1 1 | 1 B Med
0.50 9 +-9 --------9 +-9 --------------9 +-9 ------------------C ---
0.25 Bot
0.00 -----------------------------------------------------------------