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

To: Ms. X who wrote (2479)	4/22/1998 5:48:00 PM
From: Ms. X	Respond to of 34811

Luc...NKE For a stop on a short you could wait until it breaks the brl at 52. With the RS so weak and it trading below the brl, the stock is suspect. Daily momentum goes negative at 42 and weekly at 46. 55 -----O X O X O X O X O X * ------O X O ----+---* ----------- 54 O X O X O X O O * O X O \| * 53 O X O X O * O O \| * 52 O * O A \| * Top 51 * O X \| * 50 ---* --------------------------------O X O \| --------------- 49 * O B O \| <--October reversal. 48 O X C \| ? <--Triple top break 47 O X O \| X X ? 46* O X O \| X O 3 O 4 45------------- ------------------------O --O \| --X O X O X --- 44 O \| X O X O X Med 43 O 1 2 O O <--support level 42 O X O X ? <--Triple bottom break 41 O X O X 40 -----------------------------------------O X O X ----------- 39 O X O 38 O \| 37 \| Bot 36 \|