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


To: the options strategist who wrote (2211)4/3/1998 12:12:00 PM
From: Ben Antanaitis  Read Replies (1) | Respond to of 34820
 
Jen,

Stop in at: pipeline.com

We now have a fully linked selection of books on Point and Figure Charting, written by the full range of acknowledged point and figure gurus.

Ben A.



To: the options strategist who wrote (2211)4/4/1998 9:38:00 AM
From: Ms. X  Respond to of 34820
 
Hi Jen,

No, I don't work for DWA. I have been Tom's student for quite some time now and we have started several projects together but I am not an employee.

MAY wouldn't be a "traditional" put but there are some factors that would indicate the stock is inherently weak.
Sector is at 72%
RS is on sell and in O's, very weak
Stock at top of trading band
Weekly mom negative for 3 weeks.

It is still above the bullish support line. Stop on a put at this level would be 67.

Most of the major internet stocks, YHOO, AOL, LCOS are very extended right now. All three here are above their trading band and have got to be getting ready to give some back here. I wouldn't be a buyer of any of these without a good pullback of some sort.

You can ask what ever you like. That is what I'm here for :-)

Oh, Tom doesn't sell his books at seminars. You get the best price through Amazon.com and they deliver fast.

Take care,

Jan