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

To: Ms. X who wrote (3122)5/22/1998 12:16:00 PM
From: wizzards wine  Read Replies (1) | Respond to of 34811
 
Princess, It's the Friday before a long weekend and the whole market is down.... Don't pick on poor Tom Dietz too much, OK??? Besides he missed our get together and has 2 week of vacation coming up, During which lets have a full market correction with great buys while he's away<<<ggg>>>

Just kidding Tom....

Later
Preston



To: Ms. X who wrote (3122)5/22/1998 12:19:00 PM
From: Ms. X  Read Replies (1) | Respond to of 34811
 
AOL: Another high flyer starting to break down.
Momentums with the exception of monthly, turned negative today.
Sector in O's.


93
92 X
91 X X O Top of trading band
90 ---------------X O X O X <--Lower Top
89 X O X O X O X O
88 X O X O X O X O
87 X O X O X O X O <--Todays reversal.
86 X O O O X
85 -----------X --------O X <----Triple bottom break
84 X O X
83 5 O X
82 X O <--Support here at 82
81 X Move to 81 would be second sell signal.
80 ---- ----X --------------
79 X
78 X
77 X
76 X X
75 X --X O ----X --------------
74 X O X O X X Med
73 4 O X O X O X
72 X O X O X O X
71 X O X O O <--Next support level at 71
70 X O ------------------------
69 X



To: Ms. X who wrote (3122)5/22/1998 12:26:00 PM
From: Ms. X  Read Replies (3) | Respond to of 34811
 
AMZN: And yet again, another breaking down.

Without even knowing P&F, you can see this stock is in some trouble.
It is giving lower tops and today it may break the bsl.
All momentums are negative.

102
100 --------------------------------X --* ----------------------------
99 X O X * X
98 X O X O * X O
97 X O X O * X O
96 X X X O X O X O
95 ------------------------X O X O X O X O ----X O 5 ----------------
94 X O X O X O O X O X O X
93 X O X O X O X O X O X X O
92 X O X O O X O X O X O X O
91 X O X O X O O X O X O X
90 ------------------------X O X --------O ----X ----O X O X O X O --
89 X O X O X O O X O X O
88 X X O X O X O X O X O
87 X O X X 4 O X O X X O O O Todays movement.
86 X O X O X X O X O X O X O X * ? Could reach 86
85 --------X O X O X O X O X O ----------O X O X ------------* -----and break the bsl
84 X O X O X O X O O X O X *
83 X O X O O X O X O X *
82 X O X O X O X O X *
81 X O X O X O O X *
80 --------X O X ----O ----------------------O X --* ----------------
79 X X O X O X *
78 X O X X O * O *



To: Ms. X who wrote (3122)5/22/1998 1:29:00 PM
From: Judy  Read Replies (2) | Respond to of 34811
 
Jan,

I like this format of listing the various indicators, showing whether things are stacked in one's favor. Let's continue this format.

Your P&F reads on DELL, AOL, and PFE concur with mine ... imagine that! See my post on DELL on the Stock Attack thread. Those intermediate concerns could bring DELL down to 77ish, but with the positive RS and trading above bsl DELL should drift with a downward bias instead of falling apart.

GTW was a good short, but is 2/3's done, not sure if it is worthwhile to short on retrace up. WLA will fall next, should weaken after the split and faint with the sector and the market.



To: Ms. X who wrote (3122)5/26/1998 11:36:00 PM
From: Ms. X  Read Replies (1) | Respond to of 34811
 
An update on DELL:
Dell rallied today but then quickly retreated. What this did was set
up another double bottom break at 83 and the third consecutive sell
signal. Here is a good example of how rallies can fool some folks.
For all intent and purposes, a 4pt rally seems like a good thing but
P&Fers can see, it really is nothing. What we see is another lower top.
Stock closed at 83. If it opens at that level tomorrow, it has
it's third consecutive sell signal. Avoid this puppy for now. Pick
it up when things start to look better. Next support at 73 and I think
that is a reasonable target.
Last analysis on Dell: Message 4560132

98 X X
97 X O X O Top
96 X O X O
95 ------------------------------------------------------X O X O ----
94 X X O X O
93 X O X O X O
92 X O X O X O
91 X O O X O
90 --------------------------------------------------X ----O --O ----
89 X O
88 X O X
87 X O X ?
86 X O X ?
85 --------------------------------------------------X --------O X ?-
84 5 O ?
83 X ?<--Closed here today.
82 X
81 X
80 --------------------------------------------------X --------------
79 X X
78 X O X
77 X O X
76 X O X
75 ----------------------------------------------X O X --------------
74 X O X
73 X O <--Next support level.
72 | X


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