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

To: wizzards wine who wrote (1949)	3/24/1998 9:30:00 PM
From: Ms. X	Read Replies (2) \| Respond to of 34811

How to spot a good short or put, entry point. We look for weak stocks trading below the brl whose RS and momentums are negative. Then wait for it to rally to resistance. Here are two that have done just that and who meet the other criteria. (these are not recommendations as always check your sources) Chart for WCLX: 40 O X O ------------X O * --------------+------ 39 O X O X 3 7 O * \| 38 1 X O X O X O X O * \| 37 O X O X O X O X X O * \| 36 O 2 O O X O X O * \| 35 +-----------4 X O X O ----X --X * ----+------ 34 \| O O X O 8 X O X O * \| 33 \| O X O X O X O X O * \| <--Stop of 33 double top break and break of brl. 32 \| O X O X O X O X O X * 31 \| 5 X O X O X A O X O \| 30 +---------------O X O --9 ------B X O X -- <-- Has rallied close to brl and weakening. 29 \| O * O C X 28 \| * O 3 27 \| * O 2 26 \| * O X 25 +-------------* --------------------O 1 ----- 24 \| * O X 23 \| * O X 22 \| * O X 21 \| * O \| Chart of VSIO: 48 \| X * 47 \| X O * 46 \| X O * 45 \| --X O ----* ----------- 44 X X O * 43 X O X O * <--Stop point, triple top break and break of brl 42 X O X O X X * 41 1 O X O X O X O X <--Rallied right to bearish resistance line 40 X O --O X O X O ----X --- 39 X O O X O X 38 X O X O X X 37 X * O X O X O X 36 X * 2 O X O X 35 \| --* --------O --O X --- 34 \| * 3 X 33 * O <---4th consecutive sell signal.