Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: the options strategist who wrote (3527)	6/11/1998 2:21:00 PM
From: Chris	Read Replies (1) \| Respond to of 34811

glad you're doing well jen.. really am.

To: the options strategist who wrote (3527)	6/11/1998 3:44:00 PM
From: wizzards wine	Respond to of 34811

Hi Jen, I looked at HD and LOW. I do not think that we can predict the timing of a pullback using P&F, however they usually do pull back at some point. If we look at both stocks, they are RS buy in X's which means that they are out preforming the general market. Also they are both extended and trading at the TOP of their trading range, in addition to being well above the Bullish Support lines. Both of these stocks are preforming very strongly. I don't get the Right Line Split any more so I"m not sure when they split, but I have seen that many stocks going into the split to be a very forceful and not pulling back much if any. I'll let Jan give her idea on entry points, but generally I'd like to see some pullback. Later Preston

To: the options strategist who wrote (3527)	6/11/1998 4:52:00 PM
From: Ms. X	Read Replies (1) \| Respond to of 34811

Hi Jen, HD is just fabu actually. Not giving anything back and has kept its solid positive trend. Momentums are even all positive. Good pullback would be 75ish but I can't tell you if you are going to get it. I can guess that with it performing this well in market turmoil, it should be a dazzler once things shape up. LOW, same thing. 79ish would be good pullback or buy here and more on a pullback (same with HD). Don't have a crystal ball for you Jen. The only thing I can say is the sector is still in the 60% range and in O's. It seems to hang out in the 50's so maybe the sector (if it continues down) will pull these stocks back for you. Take care, Jan I am