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


To: papi riqui who wrote (2560)4/23/1998 1:27:00 PM
From: Ms. X  Respond to of 34810
 
Papi,
Don't chase this one. The RS is still negative and it is at the top of its trading band. Also, the weekly momentum has been positive for over 11 weeks (usuall life span approx. ten weeks before going negative). The daily just turned negative which might bring that weekly down.

Looking at the big picture too the market is extended and things are not stacked in your favor here.

Pullback to 21 would be good.
It should come back.

Take care,

Jan