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

To: Bwe who wrote (3390)	6/4/1998 10:21:00 PM
From: Ms. X	Respond to of 34811

For Peggy - GT Peggy can't post yet to the thread but she asked about GT. She commented that it looked bearish on the Candlestick side of things and wondered what we'all thought here. Hope you can join us soon Peggy! GT has a negative RS but it did just complete a bearish signal reversal yesterday. This is one of the most reliable signals but with a negative RS you still want to be careful. On pullback now. OK to purchase with a stop of 62 which violates the bullish support line. Daily/weekly momentum positive. 77 76 X 75 --------------------------------------------------X O ------------- 74 \| \| \| \| X O X 73 \| \| \| \| X 4 X O 6 72 \| \| \| \| X O X O X O 71 \| \| \| X \| X O X O 5 X O Med 70 --+-------+---------------+-------A O ----------+-3 O X O X O X O - 69 \| \| \| X O \| X O O X O X 68 \| \| \| X O \| X O O X 67 \| \| \| X O X \| X O 66 \| \| \| X X O X O \| X 65 --+-------+---------------+---X O X O B --X O --+-2 --------------- 64 \| \| \| 7 O 9 O X O C O X \| X 63 \| \| \| X 8 X O X O X O X O X * 62 \| \| \| X O X O X O X O X O X * <--Stop point 61 \| \| \| X O O X O X O X O X * 60 --+-------+---------------+---X ----O X O --O --1 X ------* ------- 59 \| \| \| 6 O O X * 58 \| \| \| X O * 57 \| \| \| X \| *