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

To: Mike Hagerty who wrote (3239)	5/28/1998 9:22:00 AM
From: papi riqui	Read Replies (1) \| Respond to of 34811

Mike, Xs are price moves of 1 box up and Os are the opposite. A full 3 boxes of price changes are necessary before one moves from Xs to Os or from Os to Xs. If you really want to understand P&F, why not take some time to read back thru this thread - you'll learn all you need to know. Like most things in life, a little effort goes a long way.

To: Mike Hagerty who wrote (3239)	5/28/1998 10:17:00 AM
From: Ms. X	Read Replies (2) \| Respond to of 34811

Hi Mike, The 76 area is the last area of resistance for AOL before it moved up sharply. The last point to which it was sold off (before the run up) is 71. I cut the chart off a little so it is hard to see but the two O's at 71 are a double bottom. This is the next support area. If you look at the O's I highlighted in yesterdays move, you will see they moved passed support at 81. It has broken two support areas, a triple bottom and a double bottom at 81. The X's and O's show where the market is willing to buy and to sell to, the stock. AOL is in a precarious position with its next support being so low. This also means you have no close stop point. Take care, Jan I am